Showing 1 - 10 of 20
We present a new class of transportation systems, the stable dynamics models, which provides a natural link between the static and dynamic trafic network models. They can be seen as steady states of dynamic networks (flows are constant in time). These models turn out to be very easy to study...
Persistent link: https://www.econbiz.de/10005008369
compared in this paper with the solutions with the property of ?-core stability. Key instruments for that comparison are the … as they result from unacceptable, i.e. unstable imputations. The relation between internal and core stable solutions is … exist. But this class of games is more restricted than the one for which only ?-core solutions exist. The argument is first …
Persistent link: https://www.econbiz.de/10011246306
define a transferable utility game whose core defines fair judgments. We show that weighted Shapley values define fair …
Persistent link: https://www.econbiz.de/10010610447
The lack of stability in some matching problems suggests that alternative solution concepts to the core might be a step … roommate problems with strict preferences. This solution, which always exists, either gives the matchings in the core or … predicts other matchings when the core is empty. Furthermore, it satisfies the interesting property of outer stability. We also …
Persistent link: https://www.econbiz.de/10008550171
This paper introduces a core concept, called the γ-core, in the primitive framework of a strategic game. For a certain … coalition forms if the γ-core is nonempty. This is a weaker sufficient condition than the previous such condition (Maskin (2003 …, Theorem 4)). As an application of this result, it is shown that the γ- core of an oligopolistic market is nonempty and thus …
Persistent link: https://www.econbiz.de/10008550191
This paper provides a general overview of the literature on the core of an exchange economy with asymetric information …. Incentive compatibility is emphasized in studying core concepts at the ex ante and the interim stage.The analysis includes … issues of non emptiness of the core as wellas core convergence to price equilibrium allocations. …
Persistent link: https://www.econbiz.de/10005008294
We show that in large finite economies, core allocations can be approximately decentralized as Nash (rather than Walras …) equilibrium. We argue that this excrcise is an essential complement to asymptotic core equivalence results, because it implies … precisely the interpretation of asymptotic core convergence, namely the emergence of price taking. …
Persistent link: https://www.econbiz.de/10005008518
a public goods economy to the core of a strong voting game. This paper extends in two ways Kaneko's analysis to …
Persistent link: https://www.econbiz.de/10005008579
In this paper we examine a collective decision problem, where the set of heterogeneous individuals is partitioned into several groups, each choosing its own policy (e.g., location of a public project) from the given policy space. We first consider the notion of "efficient" partition that...
Persistent link: https://www.econbiz.de/10005008591
International agreements on transfrontier pollution issues require ap- proval by domestic political institutions. In this paper we employ a voting game theoretic model to characterize the stability of such agreements when each country’s participation is conditioned upon a domestic ratification...
Persistent link: https://www.econbiz.de/10005008629