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Download or read book Endogenous Coalition Formation with Identical Agents written by and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Non presente.
Author :
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (933 download)
Download or read book Endogenous Coalition Formation with Identical Agents written by and published by . This book was released on 1998 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Guofu Tan
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.3/5 (91 download)
Download or read book Endogenous Coalition Formation in Rivalry written by Guofu Tan and published by . This book was released on 1997 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Carlo Carraro
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781009888
Total Pages : 274 pages
Book Rating : 4.0/5 (98 download)
Download or read book The Endogenous Formation of Economic Coalitions written by Carlo Carraro and published by Edward Elgar Publishing. This book was released on 2003-01-01 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some of the specific topics addressed include: advances in the theory of large co-operative games; non co-operative models of coalition formation; a survey of the partition function in the formation of coalitions; far-sightedness in coalition formation; coalition stability; coalition formation in industrialized economics, trade theory, environmental economics and public finance.
Author : Lingling Zhang
Publisher :
ISBN 13 :
Total Pages : 133 pages
Book Rating : 4.:/5 (316 download)
Download or read book Endogenous Coalition Formation written by Lingling Zhang and published by . This book was released on 2007 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The aim of this dissertation is to study a class of endogenous coalition formation problems with externalities where each agent's payoff depends not only on the coalition he or she belongs to but also how others partition themselves. This dissertation contains both theoretical and application elements. At the theoretical front (Chapter 1 and Chapter 2), two dynamic coalition formation games with endogenous choice of proposers are introduced. We prove that each game admits a dynamically efficient Markov perfect equilibrium. Moreover, we prove that the equilibrium payoff allocation of the game presented in Chapter 2 is unique." --
Author : Sang-Seung Yi
Publisher :
ISBN 13 :
Total Pages : 57 pages
Book Rating : 4.:/5 (129 download)
Download or read book Endogenous Formation of Economic Coalitions written by Sang-Seung Yi and published by . This book was released on 2009 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys the recent literature on the endogenous formation of economic coalitions, in particular, the partition function literature that allows for externalities across coalitions. Various economic coalitions are classified either as coalitions with positive externalities (output cartels, Ramp;D coalitions with spillovers, public-goods (environmental) coalitions, free-trade areas) or as coalitions with negative externalities (joint ventures with efficiency gains, customs unions). I review several games of coalition formation (the Single Coalition Formation game, the Open Membership game, the Exclusive Membership game, the Coalition Unanimity game, the Equilibrium Binding Agreements game) and examine equilibrium coalition structures in these games.
Author : Debraj Ray
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book A Theory of Endogenous Coalition Structures written by Debraj Ray and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consider an environment with widespread externalities, and suppose that binding agreements can be written. We study coalition formation in such a setting. Our analysis proceeds by defining on a partition function an extensive form bargaining game. We establish the existence of a stationary subgame perfect equilibrium for such a game. Our main results are concerned with the characterization of equilibrium coalition structures. We develop an algorithm that generates (under certain conditions) an equilibrium coalition structure. Our characterization results are especially sharp for symmetric partition functions. In particular, we provide a uniqueness theorem and apply our results to a Cournot oligopoly.
Author : Sang-Seung Yi
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Endogenous Formation of Research Coalitions with Spillovers written by Sang-Seung Yi and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues that the sign of external effects of coalition formation provides a useful organizing principle in examining economic coalitions. In many interesting economic games, coalition formation creates either negativee externalities or positive externalities for nonmembers. Examples of negative externalities are research coalitions and customs unions. Examples of positive externalities include output cartels and public goods coalitions. I characterize and compare stable coalition structures under the following three rules of coalition formation: the Open Membership game of Yi and Shin 1995 , the Coalition Unanimity game of Bloch 1996 , and the Equilibrium Binding Agreements of Ray and Vohra 1994.
Author : Mauro Gallegati
Publisher : Springer Science & Business Media
ISBN 13 : 3642170455
Total Pages : 404 pages
Book Rating : 4.6/5 (421 download)
Download or read book The Complex Dynamics of Economic Interaction written by Mauro Gallegati and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economy is examined by the authors as a complex interactive system. The emphasis is on the direct interaction between agents rather than on the indirect and autonomous interaction through the market mechanism. Contributions from economists and physicists emphasise the consequences for aggregate behaviour of the interaction between agents with limited rationality. Models of financial markets which exhibit many of the stylised facts of empirical markets such as bubbles, herd behaviour and long memory are presented. This includes contributions on bargaining, buyer-seller relations, the evolution of economic networks and several aspects of macro-economic behaviour. This book will be of interest to all those interested in the foundations of collective social and economic behaviour and in particular, to those concerned with the dynamics of market behaviour and recent applications of physics to economics.
Author : David M. McEvoy
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book The Endogenous Formation of Coalitions to Provide Public Goods written by David M. McEvoy and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the endogenous formation of coalitions that provide public goods in which players implement a minimum participation requirement before deciding whether to join. We demonstrate theoretically that payoff-maximizing players will vote to implement efficient participation requirements and these coalitions will form. However, we also demonstrate that if some players are averse to inequality they can cause inefficient outcomes. Inequality-averse players can limit free riding by implementing larger than efficient coalitions or by blocking efficient coalitions from forming. We test the theory with experimental methods and observe individual behavior and coalition formation consistent with a model of inequality-averse players.
Author : Francesco Luna
Publisher : Springer Science & Business Media
ISBN 13 : 1461507855
Total Pages : 324 pages
Book Rating : 4.4/5 (615 download)
Download or read book Agent-Based Methods in Economics and Finance written by Francesco Luna and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second book on financial and economic simulations in Swarm marks the continued progress by a group of researchers to incorporate agent-based computer models as an important tool within their disci pline. It is encouraging to see such a clear example of Swarm helping to foster a community of users who rely on the Swarm framework for their own analyses. Swarm aims at legitimizing agent-based computer models as a tool for the study of complex systems. A further goal is that a common base framework will lead to the growth of user communities in specific areas of application. By providing an organizing framework to guide the development of more problem-specific structures, and by dealing with a whole range of issues that affect their fundamental correctness and their ability to be developed and reused, Swarm has sought to make the use of agent-based models a legitimate tool of scientific investigation that also meets the practical needs of investigators within a community.
Author : María Pilar Montero García
Publisher :
ISBN 13 : 9789056680701
Total Pages : 238 pages
Book Rating : 4.6/5 (87 download)
Download or read book Endogenous Coalition Formation and Bargaining written by María Pilar Montero García and published by . This book was released on 2000 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Debraj Ray
Publisher : Oxford University Press
ISBN 13 : 019920795X
Total Pages : 336 pages
Book Rating : 4.1/5 (992 download)
Download or read book A Game-Theoretic Perspective on Coalition Formation written by Debraj Ray and published by Oxford University Press. This book was released on 2007-11 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing upon and extending his inaugural Lipsey Lectures, Debraj Ray looks at coalition formation from the perspective of game theory. Ray brings together developments in both cooperative and noncooperative game theory to study the analytics of coalition formation and binding agreements.
Author : Frank H. Page
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Endogenous Network Dynamics written by Frank H. Page and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In all social and economic interactions, individuals or coalitions choose not only with whom to interact but how to interact, and over time both the structure (the "with whom") and the strategy ("the how") of interactions change. Our objectives here are to model the structure and strategy of interactions prevailing at any point in time as a directed network and to address the following open question in the theory of social and economic network formation: given the rules of network and coalition formation, the preferences of individuals over networks, the strategic behavior of coalitions in forming networks, and the trembles of nature, what network and coalitional dynamics are likely to emergence and persist. Our main contributions are (i) to formulate the problem of network and coalition formation as a dynamic, stochastic game, (ii) to show that this game possesses a stationary correlated equilibrium (in network and coalition formation strategies), (iii) to show that, together with the trembles of nature, this stationary correlated equilibrium determines an equilibrium Markov process of network and coalition formation which respects the rules of network and coalition formation and the preferences of individuals, and (iv) to show that, although uncountably many networks may form, this endogenous process of network and coalition formation possesses a nonempty finite set of ergodic measures and generates a finite, disjoint collection of nonempty subsets of networks and coalitions, each constituting a basin of attraction. Moreover, we extend to the setting of endogenous Markov dynamics the notions of pairwise stability (Jackson-Wolinsky, 1996), strong stability (Jackson-van den Nouweland, 2005), and Nash stability (Bala-Goyal, 2000), and we show that in order for any network-coalition pair to be stable (pairwise, strong, or Nash) it is necessary and sufficient that the pair reside in one of finitely many basins of attraction - and hence reside in the support of an ergodic measure. The results we obtain here for endogenous network dynamics and stochastic basins of attraction are the dynamic analogs of our earlier results on endogenous network formation and strategic basins of attraction in static, abstract games of network formation (Page and Wooders, 2008), and build on the seminal contributions of Jackson and Watts (2002), Konishi and Ray (2003), and Dutta, Ghosal, and Ray (2005).
Author : Debraj Ray
Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.:/5 (351 download)
Download or read book A Theory of Endogenous Coalition Structure written by Debraj Ray and published by . This book was released on 1996 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sang-Seung Yi
Publisher :
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4.:/5 (773 download)
Download or read book Endogenous Formation of Research Coalitions with Efficiency Gains written by Sang-Seung Yi and published by . This book was released on 1995 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Alejandro Caparrós
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (535 download)
Download or read book On coalition formation with heterogeneous agents written by Alejandro Caparrós and published by . This book was released on 2004 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
