Wouter Vergote

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We study the formation of bilateral agreements when the payo¤ of an agent increases in own number of partners and decreases in the number of rivals' partners. When more cooperation among equals is pro…table, and when the payo¤ of agents in a small clique increases in the size of the clique, a von-Neumann-Morgenstern farsighted stable set exists. The set(More)
Solution concepts in social environments use either a direct or indirect dominance relationship, depending on whether it is assumed that agents are myopic or farsighted. Direct dominance implies indirect dominance, but not the reverse. Hence, the predicted outcomes when assuming myopic (direct) or farsighted (indirect) agents could be very di¤erent. In this(More)
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