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We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however … chosen with equal probability. If that is the case, she can choose any coalition she belongs to. However, a coalition can …
Persistent link: https://www.econbiz.de/10011296159
The paper studies when efficient allocations are implementable via coalition-proof mechanisms. When ambiguous … implementable via interim coalition incentive compatible mechanisms if and only if the prior distribution of agents’ types satisfies … the Coalition Beliefs Determine Preferences (CBDP) property. When the CBDP property holds, these mechanisms can be …
Persistent link: https://www.econbiz.de/10013242607
. In particular, it is equivalent to the set of perfectly coalition-proof Nash equilibria (Bernheim, Peleg, and Whinston …
Persistent link: https://www.econbiz.de/10011694996
In this paper we study the formation of coalition structures in situations described by a cooperative game. Players … choose independently which coalition they want to join. The payoffs to the players are determined by an allocation rule on … the underlying game and the coalition structure that results from the strategies of the players according to some …
Persistent link: https://www.econbiz.de/10014173254
bargaining solution, for games where the worth of all pairwise coalition is less than a third of the grand coalition value; the … Shapley value, for games where the sum of the value created by all pairwise coalitions is greater than the grand coalition … value; or the nucleolus, for games where only the 'natural coalition' among two 'natural partners' creates significant value …
Persistent link: https://www.econbiz.de/10014035050
schemes in order to influence the government's choice on the level of provision of public goods. Using perfectly coalition …
Persistent link: https://www.econbiz.de/10010270938
Car owners are liable for property damage inflicted on other motorists. In most countries such liability must be insured by law. That law may favor expensive or heavy vehicles, prone to suffer or inflict large losses. This paper explores links between liability rules and vehicle choice. It...
Persistent link: https://www.econbiz.de/10003965107
. In particular, it is equivalent to the set of perfectly coalition-proof Nash equilibria (Bernheim, Peleg, and Whinston …
Persistent link: https://www.econbiz.de/10009153947
The alternating offers game due to Rubinstein (1982) had been used by Binmore (1980) and by Binmore et.al. (1986) to provide via its unique subgame perfect equilibrium an approximate non-cooperative support for the Nash bargaining solution of associated cooperative two-person bargaining games....
Persistent link: https://www.econbiz.de/10011412680