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This paper studies coalition formation among individuals who differ in productivity. The output of a coalition is … determined by the sum of productivities if the coalition exceeds a minimal threshold of members. We consider competitive … societies in which the surplus of a coalition is split according to productivity and egalitarian societies in which coalitions …
Persistent link: https://www.econbiz.de/10012896560
of players. The social structure is utilized to refine the core of the game. For every coalition the relative strength of … a player within that coalition is induced by the social structure and is measured by a power function. We call a payoff …
Persistent link: https://www.econbiz.de/10010325448
of players. The social structure is utilized to refine the core of the game. For every coalition the relative strength of … a player within that coalition is induced by the social structure and is measured by a power function. We call a payoff …
Persistent link: https://www.econbiz.de/10011335223
The Hart-and-Mas-Colell bargaining model [Hart and Mas-Colell (2010). “Bargaining and Cooperation in Strategic Form Games.” Journal of the European Economics Association, 8, 7-33], which is based on strategic form games, is a very promising model possessing many beautiful features....
Persistent link: https://www.econbiz.de/10013066306
What is the role of intuitive versus deliberative cognitive processing in human cooperation? The Social Heuristics Hypothesis (SHH) stipulates that (i) intuition favors behaviors that are typically advantageous (i.e. long-run payoff-maximizing), and that for most people cooperation is typically...
Persistent link: https://www.econbiz.de/10012870482
of players. The social structure is utilized to refine the core of the game. For every coalition the relative strength of … a player within that coalition is induced by the social structure and is measured by a power function. We call a payoff …
Persistent link: https://www.econbiz.de/10014029351
In a model where cooperation is beneficial, but subject to cheating, and is supported by trigger strategy punishments in a repeated game, we explore the relationship between the nature of cooperation (size and composition of coalitions) and underlying inequality in the distribution of private...
Persistent link: https://www.econbiz.de/10014071537
are used: relations between the players and the probability of coalition formation. We suggest and study the sufficient …
Persistent link: https://www.econbiz.de/10014102140
This chapter studies the theory of value of games with infinitely many players.Games with infinitely many players are models of interactions with many players. Often most of the players are individually insignificant, and are effective in the game only via coalitions. At the same time there may...
Persistent link: https://www.econbiz.de/10014024489
In a model where cooperation is beneficial, but subject to cheating, and is supported by trigger strategy punishments in a repeated game, we explore the relationship between the nature of cooperation (size and composition of coalitions) and underlying inequality in the distribution of private...
Persistent link: https://www.econbiz.de/10011520520