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Author:Beaudry, P.
Cahuc, P.
Kempf, H.
Title:Is it harmful to allow partial cooperation?
Journal:Scandinavian journal of economics
2000 : VOL. 102:1, p. 1-22
Index terms:ECONOMICS
NON-CO-OPERATIVE GAMES
CO-OPERATION
Language:eng
Abstract:In economics, politics and society, examples abound in economics, politics and society where agents can enter partial cooperation schemes, i.e., they can collude with a subset of agents. Several contributions devoted to specific settings have claimed that such partial cooperation actually worsens welfare compared to the no-cooperation situation. This paper assesses this view by highlighting the forces that lead to such results.
SCIMA record nr: 215456
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