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A Model of Partnership Formation

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Author Info

  • Talman, A.J.J.
  • Yang, Z.F.

    (Tilburg University, Center for Economic Research)

Abstract

This paper presents a model of partnership formation. A set of agents wants to conduct some business or other activities. Agents may act alone or seek a partner for cooperation and need in the latter case to consider with whom to cooperate and how to share the profit in a collaborative and competitive environment. We pro- vide necessary and su±cient conditions under which an equilibrium can be attained. In equilibrium, the partner formation and the payoff distribution are endogenously determined. Every agent realizes his full potential and has no incentive to deviate from either staying independent or from the endogenously determined partner and payoff. The partnership formation problem contains the classical assignment market problem as a special case.

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Bibliographic Info

Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2008-103.

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Date of creation: 2008
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Handle: RePEc:dgr:kubcen:2008103

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Web page: http://center.uvt.nl

Related research

Keywords: Partnership formation; equilibrium; indivisibility; assignment market;

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  9. Chung, Kim-Sau, 2000. "On the Existence of Stable Roommate Matchings," Games and Economic Behavior, Elsevier, vol. 33(2), pages 206-230, November.
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Cited by:
  1. Andersson , Tommy & Erlanson , Albin & Gudmundsson , Jens & Habis , Helga & Ingebretsen Carlson, Jim & Kratz, Jörgen, 2014. "A Method for Finding the Maximal Set in Excess Demand," Working Papers 2014:9, Lund University, Department of Economics.
  2. Gudmundsson, Jens, 2013. "Cycles and Third-Party Payments in the Partnership Formation Problem," Working Papers 2013:16, Lund University, Department of Economics.
  3. Tommy Andersson & Jens Gudmundsson & Dolf Talman & Zaifu Yang, 2013. "A Competitive Partnership Formation Process," Discussion Papers 13/04, Department of Economics, University of York.
  4. Bester, Helmut, 2009. "Investments and the Holdup Problem in a Matching Market," CEPR Discussion Papers 7332, C.E.P.R. Discussion Papers.
  5. Gudmundsson, Jens, 2011. "On symmetry in the formation of stable partnerships," Working Papers 2011:29, Lund University, Department of Economics.
  6. Alkan, Ahmet & Anbarci, Nejat & Sarpça, Sinan, 2012. "An exploration in school formation: Income vs. Ability," Economics Letters, Elsevier, vol. 117(2), pages 500-504.
  7. Pierre-André Chiappori & Alfred Galichon & Bernard Salanié, 2014. "The Roommate Problem - Is More Stable Than You Think," CESifo Working Paper Series 4676, CESifo Group Munich.

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