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.
| Original language | English |
|---|---|
| Pages (from-to) | 199-208 |
| Number of pages | 10 |
| Journal | AUCO Czech Economic Review |
| Volume | 6 |
| Issue number | 3 |
| Publication status | Published - Nov 2012 |
| Externally published | Yes |
Keywords
- Complete risk aversion
- Dynamic coalition formation
- Fairness
- Knaster's procedure