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This paper analyses a model of legislative bargaining in which parties form tentative coalitions (protocoalitions) before deciding on the allocation of a resource. Protocoalitions may fail to reach an agreement, in which case they may be dissolved (breakdown) and a new protocoalition may form....
Persistent link: https://www.econbiz.de/10011265463
This paper examines sets of Nash equilibrium in sender-receiver games that are stable against replacement by alternative Nash equilibria. Such stable sets exist. In partial common interest games they contain only informative equilibria.
Persistent link: https://www.econbiz.de/10005233336
The paper deals with the literature on social evolution.
Persistent link: https://www.econbiz.de/10005245488
This paper explores the quantitative relation between non-random, assortative matching and the maintenance of cooperative behavior under evolutionary dynamics.
Persistent link: https://www.econbiz.de/10005245492
A hostage with respect to an action of a player is defined here to be an amount ofpayoff that will be placed in the opponent's possession if the player takes the action. Whereas the only Nash equilibrium for a prisoner's dilemma game is mutual defection, it is shown that there are at most two...
Persistent link: https://www.econbiz.de/10005245543
This paper presents a general method for computing value conrrespondences under perfect monitoring and discounting.
Persistent link: https://www.econbiz.de/10005022246
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/10005353208
I introduce a model of extensive form games with coalitional actions, which provides a formal framework for analysing situations in which coalitions of players may take joint actions sequentially. I present an equilibrium concept that generalizes subgame-perfect equilibrium, and is closely...
Persistent link: https://www.econbiz.de/10005357961
By introducing physical outcomes in coalitional games we note that coalitional games and social choice problems are equivalent (implying that so are the theory of implementation and the Nash program). This clarifies some misunderstandings (in regrad to invariance and randomness), sometimes found...
Persistent link: https://www.econbiz.de/10005357964
In a recent paper, we analyzed the self-assembly of a complex cooperation network. The network was shown to approach a state where every agent invests the same amount of resources. Nevertheless, highly-connected agents arise that extract extraordinarily high payoffs while contributing comparably...
Persistent link: https://www.econbiz.de/10009653074