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The Shapley value is arguably the most well-known solution concept for cooperative, transferable utility games. In this Note we show, in contrast to its many marginal characterizations, that the Shapley value can also be viewed as a solution based on average productivity. Specifically, we show...
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We model a firm in an institutional market setting, consisting of a production technology and its governance. The governance consists of a hierarchical firm structure, a cost efficiency parameter,and an internal pay system. The depth of the firm is determined by profit maximization under the...
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BoS, with high and low payoff inequality. In PD, disclosure markedly hampers cooperation, as higher intelligence players …
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This paper demonstrates that cooperation in international environmental negotiations can be explained by preferences … standard non-cooperative equilibrium, cooperation of a large fraction or even of all countries can establish a Nash equilibrium … full cooperation can be reached. …
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Existing research supports two opposing mechanisms through which positive mood might affect cooperation. Some studies … have suggested that positive mood produces more altruistic, open and helpful behavior, fostering cooperation. However … reduced use of information, hampering cooperation. We find evidence that suggests the second hypothesis dominates when playing …
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