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Dynamic Collusion and Collusion Games in Knaster’s Procedure

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  • Federica Briata

    ()
    (University of Genova, Department of Mathematics, Genova, Italy)

  • Marco Dall’Aglio

    ()
    (LUISS University, Department of Economics and Finance, Roma, Italy)

  • Vito Fragnelli

    ()
    (University of Eastern Piedmont, Department of Sciences Innovation and Technologies, Alessandria, Italy)

Abstract

In this paper we study the collusion in Knaster’s procedure, starting from the paper of Fragnelli and Marina (2009). First, we introduce a suitable dynamic mechanism, so that the coalition enlargement is always non-disadvantageous. Then, we define a new class of TU-games in order to evaluate the collusion power of the agents.

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Bibliographic Info

Article provided by Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies in its journal Czech Economic Review.

Volume (Year): 6 (2012)
Issue (Month): 3 (October)
Pages: 199-208

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Handle: RePEc:fau:aucocz:au2012_199

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Related research

Keywords: Fairness; Knaster’s procedure; complete risk aversion; dynamic coalition formation;

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References

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  1. Graham, Daniel A & Marshall, Robert C, 1987. "Collusive Bidder Behavior at Single-Object Second-Price and English Auctions," Journal of Political Economy, University of Chicago Press, vol. 95(6), pages 1217-39, December.
  2. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
  3. Lars-Gunnar Svensson, 1999. "Strategy-proof allocation of indivisible goods," Social Choice and Welfare, Springer, vol. 16(4), pages 557-567.
  4. Lars-Gunnar Svensson, 2009. "Coalitional strategy-proofness and fairness," Economic Theory, Springer, vol. 40(2), pages 227-245, August.
  5. Vito Fragnelli & Maria Erminia Marina, 2009. "Strategic Manipulations and Collusions in Knaster Procedure," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 3(2), pages 143-153, July.
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