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polluting firms have - under mild conditions - an incentive to join a coalition whose members mutually truthfully exchange …
Persistent link: https://www.econbiz.de/10011606870
externalities. An organization is defined as a group of agents, together with a set of bilateral relations, formally, a connected … graph. Because of the presence of externalities, the profitability of coalitional threats to an organization depend on the … externalities, while the fully connected organization emerges under negative. This result is shown to hold independently of the …
Persistent link: https://www.econbiz.de/10011597403
This paper studies the core of combined games, obtained by summing two coalitional games. It is shown that the set of balanced transferable utility games can be partitioned into equivalence classes of component games to determine whether the core of the combined game coincides with the sum of...
Persistent link: https://www.econbiz.de/10003897554
coalitions forming in equilibrium. The introduction of demand uncertainty affects coalition choices by changing the cutoff trade … under certain conditions two geographically distant countries may choose to form a coalition excluding a nearby country if …
Persistent link: https://www.econbiz.de/10012958296
We propose a five-player common-pool resource (CPR) game with endogenous coalition formation. We show that the level of … extraction from the CPR depends on the size of each coalition that is formed and on the final coalition structure. These … each stage of the coalition formation game, a randomly chosen player imposes the coalition size and selected members cannot …
Persistent link: https://www.econbiz.de/10013225633
multiple majority coalitions (pivotality) or from the relative vote share the agent contributes to a coalition (proportionality …). We distinguish between coalitional commitment, where parties defer distributive bargaining when forming a coalition, and … allocative commitment, where allocations are determined at the point of coalition formation. We show how the timing of commitment …
Persistent link: https://www.econbiz.de/10013241611
This paper studies the core of combined games, obtained by summing two coalitional games. It is shown that the set of balanced transferable utility games can be partitioned into equivalence classes of component games to determine whether the core of the combined game coincides with the sum of...
Persistent link: https://www.econbiz.de/10012718527
Given a simple game, a power configuration specifies the power of each player in each winning coalition. We introduce a … show that given this power configuration there is a coalition which is both internally and Nash stable. We consider two … investigate how infeasible coalition might affect the outcome and apply our model to the German parliament …
Persistent link: https://www.econbiz.de/10010189489
The world's first multinational electricity market was formed with the creation of the Nordic power exchange, Nord Pool. We analyze the incentives to undertake transmission network investment in the context of the liberalized Nordic electricity market. Welfare improving investment in a...
Persistent link: https://www.econbiz.de/10011926087
Persistent link: https://www.econbiz.de/10012805951