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This chapter surveys recent models of coalition and network formation in a unified framework. Comparisons are drawn among various procedures of network and coalition formation, involving simultaneous and sequential moves. The survey also covers models of group and network formation by farsighted...
Persistent link: https://www.econbiz.de/10014025687
sequential network bargaining. Assuming patient players, we provide a complete characterization of networks being pairwise (Nash …We analyze a model of strategic network formation prior to a Manea (2011) bargaining game: ex-ante homogeneous players … stable, including all other equitable networks. As an important implication, this reveals the diversity of possible …
Persistent link: https://www.econbiz.de/10010458499
the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at … symmetric case. As an application, we establish an interesting link with the formation of networks. -- Overlapping Coalitions … ; Cover Function ; Bargaining ; Symmetric Game ; Network …
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 … symmetric case. As an application, we establish an interesting link with the formation of networks …
Persistent link: https://www.econbiz.de/10014190389
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 … patient players, we provide a complete characterization of non-singularly pairwise (Nash) stable networks: specific disjoint …
Persistent link: https://www.econbiz.de/10011296326
This paper proposes a new solution concept to three-player coalitional bargaining problems. The coalitional bargaining … continue to negotiate as long as there are gains from trade, and coalitions may create positive or negative externalities. The … theory yields a unique stationary subgame perfect Nash equilibrium outcome - the coalitional bargaining value-that has an …
Persistent link: https://www.econbiz.de/10014035050
where contracts may impose externalities on other agents. The paper derives several properties of the Markov perfect … and monotonic on the contracts. If the grand coalition is not efficient we show that bargaining delays arise in positive …-externality games. Otherwise, if the grand coalition is efficient, there are no bargaining delays and convergence to the grand coalition …
Persistent link: https://www.econbiz.de/10014029064
remaining player becomes residual claimant. If no ultimatums are made then there is a Rubinstein-Ståhl bargaining. Relative … equilibrium without an ultimatum (with mutual ultimatums). -- Ultimatum ; Bargaining ; Patience ; Rubinstein-Ståhl …
Persistent link: https://www.econbiz.de/10009502219
We experimentally investigate the relevance of (asymmetric) outside options in ultimatum bargaining. Building on the …
Persistent link: https://www.econbiz.de/10010338950
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