We construct a infinite-horizon political game where the production of a public good is delegated to a politician. The politician is controlled by finitely many citizens who, on the other hand, trade commodities and pay taxes on a voluntary basis. We provide conditions in terms of heterogenous...

An outcome of a game is partnered if there are no asymmetric dependencies between any two players. For a cooperative game, a payoff is in the partnered core of the game if it is partnered, feasible and cannot be improved upon by any coalition of players. We show that the relative interior of the...

This paper develops a model of an economy with clubs where individuals may belong to multiple clubs and where there may be ever increasing returns to club size. Clubs may be large, as large as the total agent set. The main condition required is that sufficient wealth can compensate for...

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...

The following is an outline of the four chapters of this dissertation. Chapter 1 shows that subgame perfect equilibrium and weak perfect Bayesian equilibrium require rationality at information sets that are irrelevant for determining whether outcomes are sustained by sequentially rational play....

This dissertation is comprised of three essays. The first essay tests the empirical validity of a statistical discrimination model that incorporates employer's race. I show that if an employer statistically discriminates less against an employee that shares the same race (match) than an employee...