Showing 1 - 2 of 2
We study endogenous coalition formation in contexts where individual (and group) payoffs depend on the entire coalition structure that might form. We capture potential interaction across coalitions by means of a partition function.
Persistent link: https://www.econbiz.de/10005640946
In this paper we model the dynamic interaction of two types of agents, experimenters and imitators, whose behavior is characterized by simple rules of thumb. The agents repeatedly play a one-shot game in which the agent's actions are strategic substitutes.
Persistent link: https://www.econbiz.de/10005640949