Showing 1 - 10 of 190
This chapter studies the theory of value of games with infinitely many players.Games with infinitely many players are …-handed influence. The interactions are modeled as cooperative games with a continuum of players. In general, the continuum consists of … framework for mathematical analysis, and approximates the results for large finite games well. Also, it enables a unified view …
Persistent link: https://www.econbiz.de/10014024489
Voting power methodology offers insights to understand coalition building in collective decision making. Using cooperative game theory, Banzhaf (1965) developed an index to capture the numerical importance of voters in coalition building. This voting power index is still widely used today in...
Persistent link: https://www.econbiz.de/10011604865
This paper provides a co-operative as well as a non-cooperative analysis of weighted majority games. The co … contains the Core, it eliminates the "dominated" coalition structures, and has sharp implications for weighted majority games …: for such games it is non-empty, it predicts a unique stable demand vector for every homogeneous representation, and every …
Persistent link: https://www.econbiz.de/10011608407
Consider an environment with widespread externalities, and suppose that binding agreements can be written. We study coalition formation in such a setting. Our analysis proceeds by defining on a partition function an extensive form bargaining game. We establish the existence of a stationary...
Persistent link: https://www.econbiz.de/10011608412
In this paper we study hedonic games where each player views every other player either as a friend or as an enemy. Two … games. Moreover, an element of the strong core under friends appreciation can be found in polynomial time, while finding an …
Persistent link: https://www.econbiz.de/10011324926
This paper proposes a model of multilateral contracting where players are engaged in two parallel interactions: they dynamically form coalitions and play a repeated normal form game with temporary and permanent decisions. This formulation encompasses many economic models with externalities and...
Persistent link: https://www.econbiz.de/10011324948
This paper analyzes incentives for polluting firms to exchange abatement cost information under the non-linear pollution tax scheme ('differential tax') introduced by Kim and Chang [J. Regul. Econom. 5, 1993, 193-197]. It shows that polluting firms have - under mild conditions - an incentive to...
Persistent link: https://www.econbiz.de/10011324997
, based on the assumption that players are cautious. For games with positive spillovers, many coalition structures may belong …
Persistent link: https://www.econbiz.de/10011325075
This paper reinterprets the ? -core (Chander and Tulkens (1995, 1997)) and justifies it as well as its prediction that the efficient coalition structure is stable in terms of the coalition formation theory. It is assumed that coalitions can freely merge or break apart, are farsighted (that is,...
Persistent link: https://www.econbiz.de/10011325128
It is known that in two-sided many-to-many matching markets, pair-wise stability is not logically related with the (weak) core, unlike in many-to-one matching markets (Blair, 1988). In this paper, we seek a theoretical foundation for pairwise stability when group deviations are allowed. Group...
Persistent link: https://www.econbiz.de/10011325144