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We generalise the coalition structure core to partition function games. Our definition relies only on one crucial assumption, namely that there is some internal consistency in the game: residuals of the deviation play a game similar to the initial one, and – whenever this is possible – they...
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externalities. An organization is defined as a group of agents, together with a set of bilateral relations, formally, a connected … graph. Because of the presence of externalities, the profitability of coalitional threats to an organization depend on the … externalities, while the fully connected organization emerges under negative. This result is shown to hold independently of the …
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In her 'Markets, repugnance, and externalities' (2022), Kimberly Krawiec notes that the so-called corruption theorists …'s interpretation of repugnance in terms of externalities. We claim that an analysis of repugnance based on externalities requires a … characterization of what an externality is, which is rarely done. We show that economists use two opposed definitions of externalities …
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The present paper revisits the path by which Coase came to set down the result now generally known as the Coase theorem in his 1960 article. I draw on both the published record and archival resources in an effort to clear away some of the mist and, as it will emerge, dispel some of the...
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