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We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort incentives in European football. The different regimes, being used until 1995 ("Pre-Bosman" or P), currently in use ("Bosman" or B), and recently approved ("Monti" or M) differ with...
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A generalization of transferable utility cooperative games from the functional forms introduced by von Neumann and Morgenstern (1944, Theory of Games and Economic Behavior) and Lucas and Thrall (1963, Naval Research Logistics Quarterly, 10, 281-298) is proposed to allow for multiple membership....
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This paper studies an extensive form game of coalition formation with random proposers in games with externalities. It … the absence of externalities, and symmetric players are not necessarily treated symmetrically in equilibrium. If the grand …
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In the absence of externalities, marginality is equivalent to an independence property that rests on Harsanyi … and independence for games with externalities. We measure a player‘s contribution in an embedded coalition by the change …. The introduced method also allows us to investigate egalitarian solutions and to reveal how accounting for externalities …
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"externalities", the description of which requires partition function form (PFF) games. In this paper we propose a method to compute …
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