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the coalition information exchange decreases until a minimum participation consisting of three countries is reached. We … also find that the grand coalition is stable if the countries sign an international research joint venture but in this case …
Persistent link: https://www.econbiz.de/10010344228
This paper analyses endogenous formation of technology sharing coalitions with asymmetric firms. Coalition partners … market. The equilibrium coalition outcome is either between the two most efficient firms, or a coalition with all three firms …. The two-firm coalition is the preferred outcome of a welfare maximising authority if ex ante marginal cost is sufficiently …
Persistent link: https://www.econbiz.de/10003918993
This paper analyses the endogenous formation of technology sharing coalitions with asymmetric firms. Coalition partners … there is no co-operation in the product market. We show that the equilibrium coalition outcome is either one between the two … most efficient firms, or a coalition with all three firms. The two-firm coalition is the preferred outcome of a welfare …
Persistent link: https://www.econbiz.de/10003844221
We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We focus on games where players may bargain by promising or demanding transfer payments when forming links. We examine several variations of the transfer/bargaining aspect of link...
Persistent link: https://www.econbiz.de/10011324957
We study core convergence in interim quasilinear economies with asymmetric information, concentrating on core notions in which information is transmitted endogenously within coalitions and the incentive constraints are relevant. Specifically, we shall focus on the credible core and randomized...
Persistent link: https://www.econbiz.de/10003728413
This paper studies the incentive compatibility of solutions to generalized indivisible good allocation problems introduced by S¨onmez (1999), which contain the well-known marriage problems (Gale and Shapley, 1962) and the housing markets (Shapley and Scarf, 1974) as special cases. In...
Persistent link: https://www.econbiz.de/10003321321
and coalition. -- Farsighted stable set ; indirect dominance ; hotelling location game ; strategic form game with no …-Nash equilibrium ; coalition formation …
Persistent link: https://www.econbiz.de/10003894735
Selfish, strategic players may benefit from cooperation, provided they reach agreement. It is therefore important to construct mechanisms that facilitate such cooperation, especially in the case of asymmetric private information. The two major issues are: (1) singling out a fair and efficient...
Persistent link: https://www.econbiz.de/10008665710
Car owners are liable for property damage inflicted on other motorists. In most countries such liability must be insured by law. That law may favor expensive or heavy vehicles, prone to suffer or inflict large losses. This paper explores links between liability rules and vehicle choice. It...
Persistent link: https://www.econbiz.de/10003965107
. In particular, it is equivalent to the set of perfectly coalition-proof Nash equilibria (Bernheim, Peleg, and Whinston …
Persistent link: https://www.econbiz.de/10009153947