A collective choice model of an environment where a society must allocate but cannot legally enforce property rights over a single indivisible productive asset is studied. There are both production and pillage opportunities for coalitions. A variety of cooperative stability theories (including...

A simple contracting environment with a creditor who has wealth and a entrepreneur who has a two-period investment project is studied. After observing the partial completion of the project at the end of first period, the creditor may decide whether to refinance it or liquidate it. Contracting is...

A new feature pertaining to proposer's ability to implement offers is introduced in the extensive form bargaining mechanism studied in Chatterjee et. al. (1993). This mechanism is used to analyze two classes of coalitional games with transferable utility. One class is that of strictly...