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We introduce a noncooperative multilateral bargaining model for a network-restricted environment, in which players can … communicate only with their neighbors. Each player strategically chooses the bargaining partners among the neighbors to buy out … their communication links with upfront transfers. The main theorem characterizes a condition on network structures for …
Persistent link: https://www.econbiz.de/10011279698
We analyze a model of strategic network formation prior to a Manea (2011) bargaining game: ex-ante homogeneous players … form costly undirected links anticipating expected equilibrium payoffs from the subsequent network bargaining. Assuming … are not even singularly pairwise stable. As an important implication, this reveals the diversity of possible bargaining …
Persistent link: https://www.econbiz.de/10011296326
substitutability and cross side complementarity. Given this preference domain I analyze the interplay between properties of the network … stable network, and (v) the existence of an efficient and individually stable network. These equivalences also provide a …
Persistent link: https://www.econbiz.de/10003950989
. -- Efficiency ; Bargaining Protocol ; Counterproposals ; Network Formation ; Transfers ; Externalities ; Groups ; Coalitions …We study two n-player sequential network formation games with externalities. Link formation is tied to simultaneous …
Persistent link: https://www.econbiz.de/10008780592
We study two n-player sequential network formation games with externalities. Link formation is tied to simultaneous …
Persistent link: https://www.econbiz.de/10014215253
We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however … bargaining solution is the unique stationary subgameperfect equilibrium. …
Persistent link: https://www.econbiz.de/10011296159
This paper studies Myerson's neutral bargaining solution for a class of Bayesian bargaining problems in which the … foundation of the neutral bargaining solution by characterizing the solution as a unique coherent equilibrium allocation …
Persistent link: https://www.econbiz.de/10012971425
Persistent link: https://www.econbiz.de/10010354731
network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic … complements, and participants have either complete or incomplete information about the structure of a random network. Since … for reduced exposure to loss, and 2) uncertainty about the network structure makes it considerably more difficult to …
Persistent link: https://www.econbiz.de/10010344833
The objective of this paper is to investigate the usefulness of non-cooperative bargaining theory for the analysis of … multilateral, multiple issues, non-cooperative bargaining model of water allocation in the Piave River Basin, in the North East of … problem and conduct comparative static analyses to assess sources of bargaining power. Finally, we explore the implications of …
Persistent link: https://www.econbiz.de/10010264274