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Coalitional network games are real-valued functions defined on a set of players organized into a network and a coalition structure. We adopt a flexible approach assuming that players organize themselves the best way possible by forming the efficient coalitional network structure. We propose two...
Persistent link: https://www.econbiz.de/10010927690
yet, we fi nd that the graph-chi-value does not differ for networks referring to the same coalition while the Position …
Persistent link: https://www.econbiz.de/10010779358
We introduce a matching model in which agents engage in joint ventures via multilateral contracts. This approach allows us to consider production complementarities previously outside the scope of matching theory. We show analogues of the first and second welfare theorems and, when agents'...
Persistent link: https://www.econbiz.de/10011189755
networks and show that those with larger maximum independent sets can sustain greater levels of inequality. The intuition … behind this result is that networks with larger maximum independent sets are more sparse and hence offer fewer opportunities … show that the ranking of networks by the extent of extremal inequality is not invariant in k. …
Persistent link: https://www.econbiz.de/10011092255
equilibrium for general networks and best-reply functions. In addition, we investigate the neutrality result of Warr [38] and …
Persistent link: https://www.econbiz.de/10011263570
Suppose markets and firms are connected in a bi-partite network, where firms can only supply to the markets they are connected to. Firms compete a la Cournot and decide how much to supply to each market they have a link with. We assume that markets have linear demand functions and firms have...
Persistent link: https://www.econbiz.de/10005008039
This paper shows that the set of probability distributions over networks induced by Nash equilibria of the network … formation game proposed by Myerson (1991) is finite for a generic assignment of payoffs to networks. The same result can be …
Persistent link: https://www.econbiz.de/10005422767
A tragedy of the commons appears when the users of a common resource have incentives to exploit it more than the socially efficient level. We analyze the situation when the tragedy of the commons is embedded in a network of users and sources. Users play a game of extractions, where they decide...
Persistent link: https://www.econbiz.de/10005423231
a subset of Stable Equilibrium Configurations. The absorbing state networks lead, in most cases, to a frustrated hybrid …
Persistent link: https://www.econbiz.de/10008830115
This paper introduces a process of individual adjustment based on private local experiences and observation that allows for the emergence of a global social structure that is the equilibrium to the static follow-the-leader game of Goldbaum (2013). The setting rewards agents for being early...
Persistent link: https://www.econbiz.de/10010883521