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among members of a coalition is endogenous. Our results lend support to the credible core of Dutta and Vohra (2003) and the …A core allocation of a complete information economy can be characterized as one that would not be unanimously rejected … in favor of another feasible alternative by any coalition. We use this test of coalitional voting in an incomplete …
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A large theoretical literature on value capture following Brandenburger and Stuart Jr. (1996) uses cooperative games under complete information to study how and why firms earn supernormal profits. However, firms often have different information, beliefs, or creative foresight. We extend value...
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