Showing 1 - 10 of 13,129
We provide characterizations of preferences representable by a Cobb-Douglas utility function.
Persistent link: https://www.econbiz.de/10010281260
approach for countable domains and combining this with basic measure theory, we obtain necessary and sufficient conditions for … the existence of upper semi-continuous utility functions on a wide class of domains. Although links between utility theory … and measure theory have been pointed out before, to the best of our knowledge this is the first time that the present …
Persistent link: https://www.econbiz.de/10010281322
backward induction procedure to pinpoint the latest moment at which a coalition can be found with both an incentive and the … this way will be agreed upon at the outset - or, if a suitable coalition is never found, that no agreement will be reached. …
Persistent link: https://www.econbiz.de/10010280787
candidates' form parties, voting occurs and governments are formed. We study the coalition governments that emerge as functions … be minimal winning, minority or surplus. Moreover, coalitions may be `disconnected'. We then look at how the coalition …
Persistent link: https://www.econbiz.de/10011324966
coalition, and regions which have the highest claims according to the respective sharing rule. Furthermore, we find that a … grandfathering scheme leads to the largest and - in terms of greenhouse gas abatement - most successful coalition, while many of the …
Persistent link: https://www.econbiz.de/10011324972
This paper analyses issue linkage as a way to increase co-operation on issues where incentives to free-ride are strong. The goal is to determine under what conditions players prefer to link negotiations on two different issues rather than to negotiate on the two issues separately. Suppose that...
Persistent link: https://www.econbiz.de/10011325077
the efficient coalition structure is stable in terms of the coalition formation theory. It is assumed that coalitions can … coalitions) and a coalition may deviate if and only if it stands to gain from it. It is then shown that subsequent to a deviation … by a coalition, the nonmembers will have incentives to break apart into singletons, as is assumed in the definition of …
Persistent link: https://www.econbiz.de/10011325128
We study the stability properties of organizations in partition function games, describing cooperative situations with externalities. An organization is defined as a group of agents, together with a set of bilateral relations, formally, a connected graph. Because of the presence of...
Persistent link: https://www.econbiz.de/10011335721
character. The grand coalition was always the efficientcoalition,whereas the values of the 2-personcoalitions are varied such … that they lead to an efficiency loss inthe range of6.7 up to 30 percent. Furthermore, the 2-person coalition implies social … huge majority of proposers choosethe inefficient and unfair 2-person coalition. Proposer inducedefficiencylosses vary …
Persistent link: https://www.econbiz.de/10010324594
This paper associates a strategic n-person game with a given transferable utility game and studies its Nash equilibria. Strict equilibria in this model characterize those divisions of social surplus that can become conventions in the sense of Young (1993). It is shown that even in relatively...
Persistent link: https://www.econbiz.de/10010325424