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We propose a framework to analyze coalition formation with heterogeneous agents. Existing literature defines stability … conditions that do not ensure that, once an agent decides to sign an agreement, the enlarged coalition is feasible. Defining the … concepts of refraction and exchanging, we set up conditions of existence and enlargement of a coalition with heterogeneous …
Persistent link: https://www.econbiz.de/10011602849
We propose a framework to analyze coalition formation with heterogeneous agents. Existing literature defines stability … conditions that do not ensure that, once an agent decides to sign an agreement, the enlarged coalition is feasible. Defining the … concepts of refraction and exchanging, we set up conditions of existence and enlargement of a coalition with heterogeneous …
Persistent link: https://www.econbiz.de/10014029312
Persistent link: https://www.econbiz.de/10009751758
Persistent link: https://www.econbiz.de/10000976619
The paper studies inefficiencies arising in contracting between one principal and N agents when each agent's utility depends on all agents' trades with the principal. When the principal commits to publicly observed bilateral contracts, the distortion is due to the externalities on agents'...
Persistent link: https://www.econbiz.de/10014216292
The paper studies inefficiencies arising in contracting between one principal and N agents when each agent's utility depends on all agents' trades with the principal. When the principal commits to publicly observed bilateral contracts, the distortion is due to the externalities on agents'...
Persistent link: https://www.econbiz.de/10014209684
We combine the newest concepts o non-cooperative coalition theory with a computable general equilibrium model close to … the seminal RICE-model of Nordhaus and Yang (1996) to determine stable coalition structures in a global warming game. We … consider three coalition games that allow for the formation of multiple coalitions. The coalition games represent different …
Persistent link: https://www.econbiz.de/10014051299
Persistent link: https://www.econbiz.de/10014478376
We propose a framework to analyze coalition formation with heterogeneous agents. Existing literature defines stability … conditions that do not ensure that, once an agent decides to sign an agreement, the enlarged coalition is feasible. Defining the … concepts of refraction and exchanging, we set up conditions of existence and enlargement of a coalition with heterogeneous …
Persistent link: https://www.econbiz.de/10011324949
Persistent link: https://www.econbiz.de/10012805951