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On cooperation structures resulting from simultaneous proposals

Author

Listed:
  • Rod Garratt

    (University of California, Santa Barbara)

  • Cheng-Zhong Qin

    (University of California, Santa Barbara)

Abstract

This paper looks at cooperation structures that result from a strategic game where players make simultaneous proposals for cooperation. We identify cooperation structures that maximize the potential of the game, and show how the outcome of potential maximization depends on the players' Shapley values. We do not assume superadditivity and hence, potential-maximizing strategy profiles do not always involve full cooperation. In cases where full cooperation does result from potential maximization it can be inefficient. An example provides intuition.

Suggested Citation

  • Rod Garratt & Cheng-Zhong Qin, 2003. "On cooperation structures resulting from simultaneous proposals," Economics Bulletin, AccessEcon, vol. 3(5), pages 1-9.
    • Handle: RePEc:ebl:ecbull:eb-03c70003
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    File URL: http://www.accessecon.com/pubs/EB/2003/Volume3/EB-03C70003A.pdf
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    Citations

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    Cited by:

    1. Gilles, R.P. & Sarangi, S., 2003. "The Role of Trust in Costly Network Formation," Discussion Paper 2003-53, Tilburg University, Center for Economic Research.
    2. Robert P. Gilles & Sudipta Sarangi, 2006. "Building Social Networks," Discussion Papers of DIW Berlin 642, DIW Berlin, German Institute for Economic Research.
    3. Sudipta Sarangi & Robert P. Gilles, 2005. "The Role of Beliefs and Confidence in Building Social Networks," Departmental Working Papers 2005-15, Department of Economics, Louisiana State University.

    More about this item

    Keywords

    cooperation formation game;

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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