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We study the model of link formation that was introduced by Aumann and Myerson (1988) and focus on symmetric convex games with transferable utilities. We show that with at most five players the full cooperation structure results according to a subgame perfect Nash equilibrium.Moreover, if the game i
In this paper we model the formation of directed communication networks.A directed communication network is represented by a directed graph.Firstly, we study an allocation rule satisfying two appealing properties, component efficiency and directed fairness.We show that such an allocation rule exists
In this paper standard oligopolies are interpreted in two ways, namely as oligopolies without transferable technologies and as oligopolies with transferable technologies.From a cooperative point of view this leads to two different classes of cooperative games.We show that cooperative oligopoly games
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