This paper studies infinite-horizon bargaining between a seller and multiple buyers when externalities are present. We … externalities. Since each buyer receives a positive payoff when the seller makes an agreement with some other buyer, positive … externalities induce a war of attrition between buyers. …

When agents face coordination problems their choices often impose externalities on third parties. We investigate … whether such externalities can affect equilibrium selection in a series of one-shot coordination games varying the size and … the sign of the externality. We find that third-party externalities have a limited effect on decisions. A large majority …

The Covid-19 epidemic highlighted the significance of externalities: contacts with other people do not only affect our … with widespread externalities. The network function form generalises the partition function form of cooperative games in … involvement of more players allows for the - partial - internalisation of the externalities, but we also allow residual players to …

"externalities", the description of which requires partition function form (PFF) games. In this paper we propose a method to compute …