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The core of a monotonic transferable utility (TU) game is shown to be the set of prices that incentivize each … public goods. It is also shown that the core is the intersection of superdifferentials evaluated at the grand coalition of … the covers of person-specific TU games derived from the original game. These characterizations of the core demonstrate how …
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Experimental studies show that the Nash equilibrium and its refinements are poor predictors of behavior in non-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard game theory predictions. However, those models...
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We investigate whether there is a link between conditional cooperation and betrayal aversion. We use a public goods game to classify subjects by type of contribution preference and by belief about the contributions of others; and we measure betrayal aversion for different categories of subject....
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