On Convexity in Games with Externalities
José María Alsonso-Maijide (),
Mikel Álvarez-Mozos,
María Gloria Fiestras-Janeiro () and
Andrés Jiménez-Losada ()
Additional contact information
José María Alsonso-Maijide: Universidade de Santiago de Compostela
María Gloria Fiestras-Janeiro: Universidade de Vigo
Andrés Jiménez-Losada: Universidad de Sevilla
No 2019/398, UB School of Economics Working Papers from University of Barcelona School of Economics
Abstract:
We introduce new notions of superadditivity and convexity for games with coalitional externalities. We show parallel results to the classic ones for transferable utility games without externalities. In superadditive games the grand coalition is the most efficient organization of agents. The convexity of a game is equivalent to having non decreasing contributions to larger embedded coalitions. We also see that convex games can only have negative externalities.
Keywords: Externalities; Partition function; Lattice; Superadditivity; Convexity; Contribution. (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2019
New Economics Papers: this item is included in nep-cdm, nep-gth, nep-ore and nep-upt
References: Add references at CitEc
Citations:
Downloads: (external link)
http://hdl.handle.net/2445/147779
Our link check indicates that this URL is bad, the error code is: 500 read timeout (http://hdl.handle.net/2445/147779 [302 Found]--> https://diposit.ub.edu/dspace/handle/2445/147779)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ewp:wpaper:398web
Access Statistics for this paper
More papers in UB School of Economics Working Papers from University of Barcelona School of Economics Av. Diagonal 690, 08034 Barcelona. Contact information at EDIRC.
Bibliographic data for series maintained by University of Barcelona School of Economics ().