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This paper focuses on the process of coalition formation conditioning the common decision to adopt a shared good, which … model is developed to study the interplay between these two processes: coalition formation and diffusion of shared goods …. Coalition formation is modelled in an evolutionary game theoretic setting, while adoption uses elements from both the Bass and …
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strategic group formation, which is traditionally modeled using cooperative game theory. Human behavior is heterogeneous, which … that the participants achieved stable coalitions, as determined by cooperative game theory, only about 40% of the time …
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The paper analyzes the effect of human-capital investments of heterogeneous individuals on the dynamics of the wage structure within a neoclassical growth model. The accumulation of physical capital changes relative factor prices and thus incentives to acquire skills, thereby altering the...
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