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For simple economic models of transfrontier pollution, Chander and Tulkens (1995) and (1997) have offered a formula for transfers to sustain international cooperation on a voluntary basis and which deter coalitionnal free-riding under some reasonable behaviours of countries not in the coalition....
Persistent link: https://www.econbiz.de/10005094644
the discipline. After the presentation of some basic definitions, the focus will be on the core and the Shapley value, two …
Persistent link: https://www.econbiz.de/10010318970
general conditions. They imply that any efficient profile that is approximately achievable must be in the core of the …) an efficient profile can be approximately achieved if and only if it is in the core; and (iii) any achievable profile can …
Persistent link: https://www.econbiz.de/10011686703
general conditions. They imply that any efficient profile that is approximately achievable must be in the core of the …) an efficient profile can be approximately achieved if and only if it is in the core; and (iii) any achievable profile can …
Persistent link: https://www.econbiz.de/10011599486
outside players play their best response noncooperatively, the core is always nonempty when the game has strategic …
Persistent link: https://www.econbiz.de/10011608773
conditions. They imply that any efficient profile that is approximately achievable must be in the core of the underlying … profile can be approximately achieved if and only if it is in the core; and (iii) any achievable profile can be achieved …
Persistent link: https://www.econbiz.de/10013123324
core. Their contrast with pairwise stability manifests the role of information asymmetry in matchingformation …
Persistent link: https://www.econbiz.de/10012836811
profile can be approximately achieved if and only if it is in the core of the underlying coalitional game; and (iii) any …
Persistent link: https://www.econbiz.de/10012723566
We analyze a game in which a group of agents exert costly effort over time to make progress on a project. The project is completed once the cumulative efforts reach a pre-specified threshold, at which point it generates a lump sum payoff. We characterize a budget balanced mechanism that induces...
Persistent link: https://www.econbiz.de/10012972549
cooperative equilibria, especially as the number of players increases without bound. The core and the Shapley value are the …
Persistent link: https://www.econbiz.de/10010883241