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We study cooperative games with communication structure, represented by an undirected graph. Players in the game are … complete communication structure, then the proposed solution coincides with the Shapley value, and that if the game has a cycle …-free communication structure, it is the solution proposed by Herings, van der Laan and Talman (2008). We introduce the notion of link …
Persistent link: https://www.econbiz.de/10010325870
which they usually take different positions. Two examples of such structures are communication networks and hierarchies. In … feasible sets in communication networks and compare them with feasible sets arising from hierarchies. …
Persistent link: https://www.econbiz.de/10010325156
We consider a model of a single defendant and N plaintiffs where the total cost of litigation is fixed on the part of the plaintiffs and shared among the members of a suing coalition. By settling and dropping out of the coalition, a plaintiff therefore creates a negative externality on the other...
Persistent link: https://www.econbiz.de/10010264913
This paper proposes a formulation of coalitional payoff possibilities in games with externalities, based on the …
Persistent link: https://www.econbiz.de/10011608773
and consumption. We study the game of balancing group formation and show that the game contains widespread externalities …
Persistent link: https://www.econbiz.de/10010494487
of the marginal contributions for environments with externalities. The dummy property related to it is defined. We adapt …
Persistent link: https://www.econbiz.de/10010317092
encompasses many economic models with externalities and outside options. We show that when outside options are pure (i …
Persistent link: https://www.econbiz.de/10011324948
We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort incentives in European football. The different regimes, being used until 1995 (?Pre-Bosman? or P), currently in use (?Bosman? or B), and recently approved (?Monti? or M) differ with...
Persistent link: https://www.econbiz.de/10010262824
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
Should principals explain and justify their evaluations? In this paper the principal's evaluation is private information, but she can provide some justifications by sending a costly message. Indeed, it is optimal for the principal to explain her evaluation to the agent if and only if the...
Persistent link: https://www.econbiz.de/10010323871