This paper develops a simple model to examine the interaction between partner choice and individual behavior in games of coordination. An important ingredient of our approach is the way we model partner choice: We suppose that a player can establish ties with other players by unilaterally...

Exchange economies in which preferences of some consumers are possibly satiated are considered. In a general model of an atomless exchange economy, the equivalence between the ‘rejective’ core and the set of dividend equilibrium allocations is proved by applying Liapunov’s theorem in...