Showing 1 - 10 of 103
-wise stability and Core. We first establish that the Set-wise stable set is contained in the Core and it contains the non-empty set … competitive equilibrium payoffs. Third, for any number of replicas there is a market with a Core payoff that is not a competitive …
Persistent link: https://www.econbiz.de/10008592874
on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous … sacrifice”) which is derived from the egalitarian-equivalent concept suggested by Moulin (1987). We also develop a simple core … test by which it can be checked whether a given allocation is in the core thus being a possible outcome of a cooperative …
Persistent link: https://www.econbiz.de/10008596567
assignment game. We consider the Core, three other notions of group stability and two al- ternative definitions of competitive … equilibrium. We show that (i) each group stable set is closely related with the Core of certain games defined using a proper …
Persistent link: https://www.econbiz.de/10010836477
The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a … incentive compatible core can be empty, even if utility functions are quasi-linear. If, in addition to quasi-linearity, further … assumptions are made (like independent private values), the non-emptiness of the core follows nevertheless from d’Aspremont and …
Persistent link: https://www.econbiz.de/10005765690
of preference profiles into subsets with the property that all preference profiles in the same subset have the same Core … generate as strict extensions all the (complete) preference profiles with the same Core. This is important for applications … since it reduces the amount of information that agents have to reveal about their preference relations to centralized Core …
Persistent link: https://www.econbiz.de/10008498408
We prove the non-emptiness of the core of an NTU game satisfying a condition of payoff-dependent balancedness, based on … transfer rate mappings. We also define a new equilibrium condition on transfer rates and we prove the existence of core payoff … vectors satisfying this condition. The additional requirement of transfer rate equilibrium refines the core concept and allows …
Persistent link: https://www.econbiz.de/10005168434
scale such games are quite tractable in analysis, computation, and realization. A core imputation comes in terms of …
Persistent link: https://www.econbiz.de/10005405922
We extend Jackson and Watts's (2002) result on the coincidence of S-stochastically stable and core stable networks from … marriage problems to roommate problems. In particular, we show that the existence of a side-optimal core stable network, on …
Persistent link: https://www.econbiz.de/10005582656
) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable …
Persistent link: https://www.econbiz.de/10008583724
This paper studies whether it is possible to characterize an optimal, time-consistent tariff to protect an infant-industry in the presence of learning effects. A domestic monopolist decides how much to produce, taking into account learning effects induced by its current production, while the...
Persistent link: https://www.econbiz.de/10005247840