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We consider games where individual contributions are costly but beneficial to other players, so that contributing nothing is a dominant strategy. Considering that players may be unable to write binding agreements but may make binding unilateral commitments that are conditional on others'...
Persistent link: https://www.econbiz.de/10012863439
A formal framework for the treatment of hierarchical coalition formation and hierarchical agreements under both the bargaining and blocking approaches to coalition formation is introduced, and some first positive results on the possibility of full agreement and the efficiency of hierarchical...
Persistent link: https://www.econbiz.de/10014183173