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Many real-life applications of house allocation problems are dynamic. For example, inthe case of on-campus housing for college students, each year freshmen apply to move inand graduating seniors leave. Each student stays on campus for a few years only. A studentis a \newcomer" in the beginning...
Persistent link: https://www.econbiz.de/10009022173
accept from each …rm if they arematched. The matchmaker chooses a matching to maximize pro…t (thesum of the di¤erence between …-to-one assignment problem. Inter-estingly, in the one-to-one matching case, our results are closely relatedto the common agency game by …
Persistent link: https://www.econbiz.de/10009302542
The paper examines the Porter and induced-innovation hypotheses in a firm model where: (i) the firmhas a vintage capital technology with two complementary factors, energy and capital ; (ii) scrappingis endogenous; (iii) technological progress is energy-saving and endogenous through purposive...
Persistent link: https://www.econbiz.de/10005868689
games are subadditive butgenerally not concave, and have a nonempty core. We characterize the core and compute …
Persistent link: https://www.econbiz.de/10005868750
Bargaining under uncertainty is modeled by the assumption that thereare several possible states of nature, each of which is identied with abargaining problem...
Persistent link: https://www.econbiz.de/10005869345
An operational macroprudential approach to financial stability requires tools that attribute system-wide risk to individual institutions. Making use of constructs from game theory, we propose an attribution methodology that has a number of appealing features: it can be used in conjunction with...
Persistent link: https://www.econbiz.de/10005870878
We introduce collective bargaining in a static framework where the firm and its risk-neutralemployees negotiate over wages in a non-binding contract setting. Our main result is theequivalence between the non-binding collective equilibrium wage-employment contract andthe equilibrium contract...
Persistent link: https://www.econbiz.de/10009360542
In this study, we regard the oligopolistic-oligopsonistic markets within the framework of a“double auction” in which both buyers and sellers make bids. To this end, we introduce gameswhere declarations of supply and demand functions (which need not be true) are treated asstrategic variables...
Persistent link: https://www.econbiz.de/10009360795
Least-Unmatched Price Auctions have become a popular format of TV and radio shows. Increasingly,they are also applied in internet trading. In these auctions the lowest single (unique)bid wins. We analyze the game-theoretic solution of least unmatched price auctions when prize,bidding cost and...
Persistent link: https://www.econbiz.de/10005868395
The weighted value was introduced by Shapley in 1953 as an asymmetric version of his value. Since thenseveral axiomatizations have been proposed including one by Shapley in 1981 specifically addressed tocost allocation, a context in which weights appear naturally. It was at the occasion of a...
Persistent link: https://www.econbiz.de/10005868646