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; Cover Function ; Bargaining ; Symmetric Game ; Network … the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at …
Persistent link: https://www.econbiz.de/10008737140
the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at …
Persistent link: https://www.econbiz.de/10014190389
coalition formation in such a setting. Our analysis proceeds by defining on a partition function an extensive form bargaining …
Persistent link: https://www.econbiz.de/10011608412
stationary subgame perfect Nash equilibrium of a standard non-cooperative bargaining model. Players' values are monotonically … negotiation strategies: the equilibrium value is the Nash bargaining solution when no bilateral coalitions form; the Shapley value …
Persistent link: https://www.econbiz.de/10014029063
We analyze a model of strategic network formation prior to a Manea (2011) bargaining game: ex-ante homogeneous players … sequential network bargaining. Assuming patient players, we provide a complete characterization of networks being pairwise (Nash … form an undirected network with explicit linking costs anticipating expected equilibrium payoffs from the subsequent …
Persistent link: https://www.econbiz.de/10010458499
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
This paper examines conditions for stability in bargaining networks. Network formation is endogenized and payoffs are … internalize the entire network structure when choosing trading partners. The set of link stable networks is characterized for all … positive fixed costs per link. It can be shown that for all positive costs link-stable Manea bargaining networks are of degree …
Persistent link: https://www.econbiz.de/10013002376
cooperative game may cause the Coase Theorem to fail, even when other more direct impediments to bargaining are low. We show that … the standard Coasean bargaining game involving three parties is strategically equivalent to an asymmetric three … always possible to find a set of transaction costs which, when introduced into a frictionless bargaining situation, will …
Persistent link: https://www.econbiz.de/10014165917
This paper studies infinite-horizon bargaining between a seller and multiple buyers when externalities are present. We …
Persistent link: https://www.econbiz.de/10010128002
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