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This chapter studies the theory of value of games with infinitely many players.Games with infinitely many players are models of interactions with many players. Often most of the players are individually insignificant, and are effective in the game only via coalitions. At the same time there may...
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In this note we show that no solution to coalition formation games can satisfy a set of axioms that we propose as … reasonable. Our result points out that solutions to the coalition formation cannot be interpreted as predictions of what would be … resting points for a game in the way stable coalition structures are usually interpreted …
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grand coalition, a splintered partition is admissible as an ultimate outcome. Local stability can be reached via a multi …
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than usual discount of $10 million among 5 importers. The discount is a result of forming a coalition by 5 current …
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A one-dimensional model of spatial political competition with endogenous party formation is developed. It is proved that at equilibrium there are only two parties. These parties propose alternatives in the extreme positions of the policy space. The adopted policy, however, is a compromise...
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In a standard TU-game it is assumed that every subset of the player set can form a coalition and earn its worth. One of … the first models where restrictions in cooperation are considered is the one of games with coalition structure. In such … value for games with coalition structure under the assumption that also the unions can cooperate among them. Winter extended …
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