A Competitive Partnership Formation Process
- Publisher: Department of Econometrics
Partnership formation; adjustment process; equilibrium; assignment market | Partnership formation, adjustment process, equilibrium, assignment market | Partnership formation;adjustment process;equilibrium;assignment market
A group of heterogeneous agents may form partnerships in pairs. All single agents as well as all partnerships generate values. If two agents choose to cooperate, they need to specify how to split their joint value among one another. In equilibrium, which may or may not ...