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coalition formation. It allows to make an explicit distinction between within-group and outside-group deviation options. This … the bargaining set containing a minimal winning coalition are characterized. Furthermore, it is shown that the bargaining … set of any homogeneous weighted majority game contains an outcome for which the underlying coalition structure consists of …
Persistent link: https://www.econbiz.de/10012733871
This chapter surveys recent models of coalition and network formation in a unified framework. Comparisons are drawn … among various procedures of network and coalition formation, involving simultaneous and sequential moves. The survey also … discussion of efficient network and coalition formation procedures and directions for future research. …
Persistent link: https://www.econbiz.de/10014025687
for the existence of an efficient equilibrium in coalitional bargaining with externalities and renegotiations," Operations …
Persistent link: https://www.econbiz.de/10012953535
externalities are more positive, there exists a grand-coalition SSPE of the bargaining game for any discount factor. However, if the … separately, considering wage contract externalities. We show that if the two workers are sufficiently complementary or if … two workers are sufficiently substitutable, there is no grand-coalition SSPE for any discount factor. In addition, we …
Persistent link: https://www.econbiz.de/10012996131
This paper reports further experimental results on exclusive dealing contracts. We extend Landeo and Spier's (2009) work by studying Naked Exclusion in a strategic environment that involves a four-player, two-stage game. In addition to the roles of seller and buyers, our experimental environment...
Persistent link: https://www.econbiz.de/10013120699
We delineate the various ways in which rights to environmental and other resources can be assigned to individuals or groups. We then examine models of individual and group interactions, drawing out their implications for the ways in which resources will be utilized and managed under various...
Persistent link: https://www.econbiz.de/10014023942
We study the implementation of social choice rules in environments with externalities. We prove the impossibility of …
Persistent link: https://www.econbiz.de/10012824212
Persistent link: https://www.econbiz.de/10003300544
encompasses many economic models with externalities and outside options. We show that when outside options are pure (i … distribution of coalitional gains and the dynamics of coalition formation are characterized in four illustrative applications. …
Persistent link: https://www.econbiz.de/10005385394
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 … the absence of externalities, and symmetric players are not necessarily treated symmetrically in equilibrium. If the grand …
Persistent link: https://www.econbiz.de/10012650908