Andersson, Tommy; Gudmundsson, Jens; Talman, Dolf; … - Department of Economics and Related Studies, University … - 2013
equilibrium, which may or may not exist, no agents have incentives to break up or form new partnerships. This paper proposes a … dynamic competitive adjustment process that always either finds an equilibrium or exclusively proves the nonexistence of any … equilibrium in finitely many steps. When an equilibrium exists, partnership and revenue distribution will be automatically and …