Many rent-sharing decisions in a society result from a bargaining process between groups of individuals (such as between the executive and the legislative branches of government, btween legislative factions, between corporate ...

In this paper we use a non cooperative equilibrium selection approach as a notion of stability in link formation games. Specifically, we first extend the global games literature, originally introduced by Carlsson and van ...

This paper studies how an information mechanism that labels defectors can sustain cooperative behavior in communities containing a subset of short-run players. This is done in the context of a repeated Prisoner's ...