Showing 1 - 10 of 1,579
Demange (1994, 2002), extend to partition function games with negative externalities. Under positive externalities, although …
Persistent link: https://www.econbiz.de/10011325041
We generalise the coalition structure core to partition function games. Our definition relies only on one crucial assumption, namely that there is some internal consistency in the game: residuals of the deviation play a game similar to the initial one, and –whenever this is possible– they...
Persistent link: https://www.econbiz.de/10011335686
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 externalities, the profitability of coalitional threats to an organization depend on the … externalities, while the fully connected organization emerges under negative. This result is shown to hold independently of the …
Persistent link: https://www.econbiz.de/10011335721
Consider an environment with widespread externalities, and suppose that binding agreements can be written. We study …
Persistent link: https://www.econbiz.de/10011608412
investigate the incentives to expend effort for a prize that produces consumption externalities and consider alternative … regulatory policies. We find relatively more global consumption externalities will increase (decrease) rent seeking when con …- sumption externalities are negative (positive). We show how introducing Pigouvian taxation (possibly with revenue transfer) and …
Persistent link: https://www.econbiz.de/10011753175
externalities. In the context of the partition function, it is shown that any member of this class of sharing schemes leads to the … sharing scheme is particularly powerful for economic problems that are characterized by positive externalities from coalition …
Persistent link: https://www.econbiz.de/10010312413
We propose a positive formal framework for analyzing sovereign bail-outs in the context of the European Monetary Union (EMU) with a view to making policy recommendations regarding improvements to the EMU institutional architecture. We build our analysis on a political economic game-theoretic...
Persistent link: https://www.econbiz.de/10010334489
We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We focus on games where players may bargain by promising or demanding transfer payments when forming links. We examine several variations of the transfer/bargaining aspect of link...
Persistent link: https://www.econbiz.de/10011324957
. We approach this gap by analyzing the role of positive and negative externalities of link formation. We find general … results that relate situations of positive externalities with stable networks that cannot be 'too dense' in a well …-defined sense, while situations with negative externalities, tend to induce 'too dense' networks. …
Persistent link: https://www.econbiz.de/10010272547
South America's security agenda demands the simultaneous management of domestic crises, interstate conflicts and transnational threats. Though located at different systemic levels (national, international, transnational), the three conflict clusters are often interrelated and tend to overlap in...
Persistent link: https://www.econbiz.de/10010276008