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The author studies two-firm location games on graphs. Earlier work analyzes two-firm location games on a line or a circle, and all examples given possess pure Nash equilibria. The author produces an example of a graph with no pure Nash equilibria and also a general class of graphs that do...
Persistent link: https://www.econbiz.de/10005157721
This paper studies welfare tradeoffs in two-sided, one-to-one matching markets. We begin by providing theoretical upper bounds on a utilitarian price of stability, and show that these bounds vary with the composition of participants’ ordinal preference lists. We then turn to simulation...
Persistent link: https://www.econbiz.de/10010865842
Two forms of continuity are defined for Pareto representations of preferences. They are designated “continuityâ€\x9D and “coordinate continuity.â€\x9D Characterizations are given of those Pareto representable preferences that are continuously representable and, in dimension...
Persistent link: https://www.econbiz.de/10005709881
Persistent link: https://www.econbiz.de/10005678361