Andersson, Tommy; Gudmundsson, Jens; Talman, Dolf; … - Department of Economics and Related Studies, University … - 2013
A group of heterogenous agents may form partnerships in pairs. All single agents as well as all partnerships generate values. If two agents choose to cooperate, they need to specify how to split their joint value among one another. In equilibrium, which may or may not exist, no agents have...
