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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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This paper associates a strategic n-person game with a given transferable utility game and studies its Nash equilibria. Strict equilibria in this model characterize those divisions of social surplus that can become conventions in the sense of Young (1993). It is shown that even in relatively...
Persistent link: https://www.econbiz.de/10011342576
the average rankings of the other types of groups. We show that a core stable coalition structure always exists, provided …We consider three-sided coalition formation problems when each agent is concerned about his local status as measured by …
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coalition forms without delay in equilibrium, expected payoffs must be in the core of the characteristic function game that …This paper studies an extensive form game of coalition formation with random proposers in games with externalities. It … strong condition, the equilibrium coalition structure is not necessarily efficient. There may be multiple equilibria even in …
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a modification of the Bondareva-Shapley duality. 3. Via an explicit consideration of "coalition building". 4. Via … associating general TU-games to coalition-production economies. Rather than imputations, we base our analysis on a modification of …
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