Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10003989864
Persistent link: https://www.econbiz.de/10003609526
Persistent link: https://www.econbiz.de/10003686501
Persistent link: https://www.econbiz.de/10009155558
Persistent link: https://www.econbiz.de/10012602753
This paper studies how to form an efficient coalition$da group of people. More specifically, we compare two mechanisms for forming a coalition by running a laboratory experiment and reveal which mechanism leads to higher social surplus. In one setting, we invite the subjects to join a meeting...
Persistent link: https://www.econbiz.de/10012607470
Persistent link: https://www.econbiz.de/10003752321
We report experimental results on voluntary contributions to public-goods provision from situations in which parties can create institutions to impose a certain contribution level on its members. We focus on a public-goods game where the joint decisions inside the institution are made based on...
Persistent link: https://www.econbiz.de/10011771301
Some new axiomatic characterizations and recursive formulas of the Shapley value are presented. In the results, dual games and the self-duality of the value implicitly play an important role. A set of non-cooperative games which implement the Shapley value on the class of all games is given
Persistent link: https://www.econbiz.de/10014222309
One of the main issues in economics is the trade-off between marginalism and egalitarianism. In the context of cooperative games this trade-off can be framed as one of choosing to allocate according to the Shapley value or the equal division solution. In this paper we provide tools that make it...
Persistent link: https://www.econbiz.de/10014224553