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The paper studies when efficient allocations are implementable via coalition-proof mechanisms. When ambiguous … implementable via interim coalition incentive compatible mechanisms if and only if the prior distribution of agents’ types satisfies … the Coalition Beliefs Determine Preferences (CBDP) property. When the CBDP property holds, these mechanisms can be …
Persistent link: https://www.econbiz.de/10013242607
, which capture foresight and impose the requirement that each coalition in a sequence of coalitional moves chooses optimally … that specifies the negotiation procedure underlying coalition formation. Therefore, it forms a bridge between the non …
Persistent link: https://www.econbiz.de/10012308618
. In particular, it is equivalent to the set of perfectly coalition-proof Nash equilibria (Bernheim, Peleg, and Whinston …
Persistent link: https://www.econbiz.de/10011694996
the efficient coalition structure is stable in terms of the coalition formation theory. It is assumed that coalitions can … coalitions) and a coalition may deviate if and only if it stands to gain from it. It is then shown that subsequent to a deviation … by a coalition, the nonmembers will have incentives to break apart into singletons, as is assumed in the definition of …
Persistent link: https://www.econbiz.de/10011592935
We show that the characterization result of the weak core correspondence in simple games in Takamiya et al. (2018) still holds true even when the set of alternatives contains uncountably infinite elements
Persistent link: https://www.econbiz.de/10012913496
In this paper we study the formation of coalition structures in situations described by a cooperative game. Players … choose independently which coalition they want to join. The payoffs to the players are determined by an allocation rule on … the underlying game and the coalition structure that results from the strategies of the players according to some …
Persistent link: https://www.econbiz.de/10014173254
Different axiomatic systems for the Shapley value can be found in the literature. For games with a coalition structure …
Persistent link: https://www.econbiz.de/10014199078
A natural extension of superadditivity is not sufficient to imply that the grand coalition is efficient when … externalities are present. We provide a condition, analogous to convexity, that is sufficient for the grand coalition to be … which implements the most efficient partition for all coalition formation games and characterize the resulting payoff …
Persistent link: https://www.econbiz.de/10014061766
. Joining a coalition entails setting the policy variable to maximize the coalitions' aggregate payoff at a Nash equilibrium …
Persistent link: https://www.econbiz.de/10014061844
bargaining solution, for games where the worth of all pairwise coalition is less than a third of the grand coalition value; the … Shapley value, for games where the sum of the value created by all pairwise coalitions is greater than the grand coalition … value; or the nucleolus, for games where only the 'natural coalition' among two 'natural partners' creates significant value …
Persistent link: https://www.econbiz.de/10014035050