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A Game-Theoretic Perspective on Coalition Formation

Debraj Ray

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199207954
eISBN:
9780191709104
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199207954.001.0001
Subject:
Economics and Finance, Financial Economics

The formation of coalitions to achieve both collaborative and competitive goals is a phenomenon we see all around us. The list of examples of this phenomenon is long and varied: production cartels, ... More


Ingredients for a Theory of Agreements

Debraj Ray

in A Game-Theoretic Perspective on Coalition Formation

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199207954
eISBN:
9780191709104
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199207954.003.0002
Subject:
Economics and Finance, Financial Economics

This chapter describes the essential ingredients of a theory of coalition formation. Three aspects receive emphasis. First, it is important to settle on a particular methodology. One might picture ... More


Applications

Debraj Ray

in A Game-Theoretic Perspective on Coalition Formation

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199207954
eISBN:
9780191709104
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199207954.003.0006
Subject:
Economics and Finance, Financial Economics

This chapter studies two applications of the theory developed so far. First, coalition formation in a Cournot oligopoly is examined. The second application studies coalition formation in a pollution ... More


A Framework for Reversible Agreements

Debraj Ray

in A Game-Theoretic Perspective on Coalition Formation

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199207954
eISBN:
9780191709104
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199207954.003.0008
Subject:
Economics and Finance, Financial Economics

This chapter develops a theory of coalition formation under the assumption that existing agreements can be costlessly renegotiated and reversed, with the consent of all participating agents. It sets ... More


Reversible Agreements Without Externalities

Debraj Ray

in A Game-Theoretic Perspective on Coalition Formation

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199207954
eISBN:
9780191709104
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199207954.003.0009
Subject:
Economics and Finance, Financial Economics

This chapter analyzes reversible commitments in two steps. First, it studies reversible commitments in situations without externalities across coalitions. It shows that any equilibrium of this game ... More


Reversible Agreements With Externalities

Debraj Ray

in A Game-Theoretic Perspective on Coalition Formation

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199207954
eISBN:
9780191709104
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199207954.003.0010
Subject:
Economics and Finance, Financial Economics

This chapter takes the second step in the study of reversible commitments by extending the framework given in Chapter 9 to cover situations with externalities across coalitions. Matters are quite ... More


Blocking

Debraj Ray

in A Game-Theoretic Perspective on Coalition Formation

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199207954
eISBN:
9780191709104
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199207954.003.0011
Subject:
Economics and Finance, Financial Economics

This chapter begins a second approach to coalition formation, one firmly grounded in coalitions as fundamental behavioral units. A central notion is that of blocking and the attendant concepts that ... More


Irreversible Commitments

Debraj Ray

in A Game-Theoretic Perspective on Coalition Formation

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199207954
eISBN:
9780191709104
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199207954.003.0012
Subject:
Economics and Finance, Financial Economics

This chapter develops a theory of coalition formation under the blocking approach when all agreements are irreversible. The concept of equilibrium binding agreements is introduced: these are ... More


The Blocking Approach in Real Time

Debraj Ray

in A Game-Theoretic Perspective on Coalition Formation

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199207954
eISBN:
9780191709104
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199207954.003.0013
Subject:
Economics and Finance, Financial Economics

This chapter studies reversible agreements under the blocking framework. It presumes that negotiations can open and reopen over an indefinite period of time. As before, a study of this phenomenon ... More


Structuring Decision-Making Processes

William Ascher

in Bringing in the Future: Strategies for Farsightedness and Sustainability in Developing Countries

Published in print:
2009
Published Online:
February 2013
ISBN:
9780226029160
eISBN:
9780226029184
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226029184.003.0014
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter explains the structuring of decision-making processes. It specifically covers the fundamental connection between farsightedness and the duration of process. The design of decision-making ... More


Conclusions

William Ascher

in Bringing in the Future: Strategies for Farsightedness and Sustainability in Developing Countries

Published in print:
2009
Published Online:
February 2013
ISBN:
9780226029160
eISBN:
9780226029184
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226029184.003.0015
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter provides a proposition on the issues of farsightedness. The cleverness of those who succeed in promoting farsighted commitments often rests on their appreciation of the fact that ... More


The Root Causes of Shortsightedness and Their Manifestations in Developing Countries

William Ascher

in Bringing in the Future: Strategies for Farsightedness and Sustainability in Developing Countries

Published in print:
2009
Published Online:
February 2013
ISBN:
9780226029160
eISBN:
9780226029184
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226029184.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter summarizes the characteristics of impatience, selfishness, analytic limits, and vulnerability in developing countries and conveys why, in many circumstances, they are more formidable in ... More


Gaining Traction to Overcome Obstacles to Farsightedness

William Ascher

in Bringing in the Future: Strategies for Farsightedness and Sustainability in Developing Countries

Published in print:
2009
Published Online:
February 2013
ISBN:
9780226029160
eISBN:
9780226029184
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226029184.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter discusses the findings which are most important to overcoming obstacles to farsightedness. Appeals to principle—to do “the right thing”—can have a major impact that goes against gaining ... More


Realigning Performance Evaluation

William Ascher

in Bringing in the Future: Strategies for Farsightedness and Sustainability in Developing Countries

Published in print:
2009
Published Online:
February 2013
ISBN:
9780226029160
eISBN:
9780226029184
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226029184.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter describes the performance evaluation that can address (or exacerbate) the obstacles to farsightedness. The obvious challenge to addressing the issue of knowing whether performance is ... More


Self-Restraint Instruments

William Ascher

in Bringing in the Future: Strategies for Farsightedness and Sustainability in Developing Countries

Published in print:
2009
Published Online:
February 2013
ISBN:
9780226029160
eISBN:
9780226029184
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226029184.003.0007
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter describes self-restricting measures for overcoming obstacles to farsighted commitments. The broad sets of strategies include stimulus control, hands-tying, and reputation building. ... More


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