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This note studies the noncooperative foundations of von Neumann- Morgenstern (vN-M) stable sets in voting games. To do so, we study Markov perfect equilibria of a noncooperative legislative bargaining game, based on underlying simple games. The following result emerges from such an exercise:...
Persistent link: https://www.econbiz.de/10010652415
This note investigates the noncooperative foundations of von Neumann-Morgenstern (vN-M) stable sets in voting games. To do so, we study subgame perfect equilibria of a noncooperative legislative bargaining game, based on underlying simple games. The following results emerge from such an...
Persistent link: https://www.econbiz.de/10004991787
This chapter surveys the sizable and growing literature on coalition formation. We refer to theories in which one or more groups of agents (“coalitions”) deliberately get together to jointly determine their actions. The defining idea of a coalition, in this chapter, is that of a group which...
Persistent link: https://www.econbiz.de/10010420285
This chapter surveys a sizable and growing literature on coalition formation. We refer to theories in which one or more groups of agents (“coalitionsâ€) deliberately get together to jointly determine within-group actions, while interacting noncooperatively across groups. The chapter...
Persistent link: https://www.econbiz.de/10011255412
This chapter surveys a sizable and growing literature on coalition formation. We refer to theories in which one or more groups of agents (“coalitions”) deliberately get together to jointly determine within-group actions, while interacting noncooperatively across groups. The chapter describes...
Persistent link: https://www.econbiz.de/10014025454
This paper introduces information aggregation into the standard spatial committee game. We assume that committee …
Persistent link: https://www.econbiz.de/10010884978
This paper introduces information aggregation into the standard spatial committee game. We assume that committee …
Persistent link: https://www.econbiz.de/10005200583
We present a model of bargaining in which a committee searches over the policy space, successively amending the default … the committee implements the ideal policy of the last proposer in a subset of a weakly stable set; but this result does …
Persistent link: https://www.econbiz.de/10011599519
We present a model of bargaining in which a committee searches over the policy space, successively amending the default … committee implements the ideal policy of the last proposer in a subset of a weakly stable set. However, this result does not …
Persistent link: https://www.econbiz.de/10010392405
We present a model of bargaining in which a committee searches over the policy space, successively amending the default … conversely, any weakly stable set is supported by some equilibrium. If the policy space is well ordered then the committee …
Persistent link: https://www.econbiz.de/10010392414