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• W3122368741 abstract "In this paper I analyse the stability of cartels in games with heterogeneous players and externalities. I introduce a class of sharing rules for coalition pay‐offs, called ‘optimal sharing rules’, that stabilize all cartels that are possibly stable under some arbitrary sharing rule. To illustrate the impact of optimal sharing with heterogeneous players and positive externalities I analyse a public goods game. In contrast to games with identical players that are common in the study of international environmental agreements, my results show that large coalitions may well be stable when optimal sharing is applied." @default.
• W3122368741 created "2021-02-01" @default.
• W3122368741 creator A5061975464 @default.
• W3122368741 date "2009-07-14" @default.
• W3122368741 modified "2023-10-10" @default.
• W3122368741 title "CARTEL STABILITY UNDER AN OPTIMAL SHARING RULE" @default.
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• W3122368741 doi "https://doi.org/10.1111/j.1467-9957.2009.02111.x" @default.
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