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This note investigates the noncooperative foundations of von Neumann-Morgenstern (vN-M) stable sets in voting games. To … games. The following results emerge from such an exercise: Every stable set of the underlying simple game is the limit set …
Persistent link: https://www.econbiz.de/10004991787
Thinking of electoral rules, common wisdom suggests that proportional rule is more fair, since all voters are equally represented: at times, it turns out that this is false. I study the formation of both Parliament and Government; for the composition of the former I consider plurality and...
Persistent link: https://www.econbiz.de/10004991797
Using a bi-choice graph technique (Klaus and Klijn, 2009), we show that a matching for a roommate market indirectly dominates another matching if and only if no blocking pair of the former is matched in the latter (Proposition 1). Using this characterization of indirect dominance, we investigate...
Persistent link: https://www.econbiz.de/10004991812
games, J. of Economic Theory (2007), 117-137] so that an informed agent proposes an allocation, we define a notion of the … voting games are repeated, and prove that a refinement of a sequential equilibrium of the bargaining game necessarily yields …
Persistent link: https://www.econbiz.de/10004992471
The need for efficient coordination is ubiquitous in organizations and industries. The literature on the determinants of efficient coordination has focused on individual decision making so far. In reality, however, teams often have to coordinate with other teams. We present a series of...
Persistent link: https://www.econbiz.de/10004992853
We study a setting where imitative players are matched into pairs to play a Prisoners' Dilemma game. A well know result in such setting is that under random matching cooperation vanishes for any interior initial condition. The novelty of this paper is that we add a certain correlation to the...
Persistent link: https://www.econbiz.de/10004993628
Given the preferences of players and the rules governing network formation, what networks are likely to emerge and persist? And how do individuals and coalitions evaluate possible consequences of their actions in forming networks? To address these questions we introduce a model of network...
Persistent link: https://www.econbiz.de/10005727861
A contingent contract in a transferable utility game under uncertainty specifies an outcome for each possible state. It is assumed that coalitions evaluate these contracts by considering the minimal possible excesses. A main question of the paper concerns the existence and characterization of...
Persistent link: https://www.econbiz.de/10005729546
In this paper we analyze the value of the information in a cooperative game. There is a player, the innovator, having a know how or relevant information which is not useful for himself but it can be sold to some potential buyers. The n potential users of the information are involved in a market...
Persistent link: https://www.econbiz.de/10005730621
Frontiers provide an opportunity for one jurisdiction to remedy inequities (and even exploit them) in highway finance by employing toll-booths, and thereby ensuring the highest possible share of revenue from non-residents. If one jurisdiction sets policy in a vacuum, it is clearly advantageous...
Persistent link: https://www.econbiz.de/10005818056