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A set of agents with possibly different waiting costs have to receive the same service one after the other. Efficiency … not know agents’ waiting costs, they may have no incentive to reveal them. We identify the only rule satisfying Pareto-efficiency … that even non-single-valued rules satisfy Pareto-efficiency of queues and strategy-proofness if and only if they select …
Persistent link: https://www.econbiz.de/10005042819
couples is enriched by the arrival of new candidates to marriage. Afterwards, we discuss briefly how stability concepts can be …
Persistent link: https://www.econbiz.de/10005008260
We propose a new concept, the pairwise farsightedly stable set, in order to predict which networks may be formed among farsighted players. A set of networks G is pairto a network outside G are deterred by the threat of ending worse off or equally well wise farsightedly stable (i) if all possible...
Persistent link: https://www.econbiz.de/10005065469
Persistent link: https://www.econbiz.de/10008550182
strong stability and of contractual stability. Contractual stability imposes that any change made to the coalitional network … members under the simple majority or unanimity decision rule may help to reconcile stability and effiency. Moreover, this new …
Persistent link: https://www.econbiz.de/10010610449
particular, we study whether the farsightedness of the agents leads to a reduction of the tension between stability and … efficiency that arises when individuals are myopic. We find that for extreme values of the cost of establishing a mutual …
Persistent link: https://www.econbiz.de/10009002074
level-K farsighted stability and efficiency of networks. We show the tractability of the concept by applying it to a model … stability. A set of networks GK is a level-K farsightedly stable set if three conditions are satisfied. First, external … that belong to closed cycles. Level-K farsighted stability leads to a refinement of G1 for generic allocation rules. We …
Persistent link: https://www.econbiz.de/10011094063
In this paper, we extend the concept of stability to vertical collusive agreements, involving downstream and upstream …
Persistent link: https://www.econbiz.de/10010735622
, therefore, have influence on the stability of the job market. …
Persistent link: https://www.econbiz.de/10010927716
We propose a concept to study the stability of social and economic networks when players are farsighted and allocations …
Persistent link: https://www.econbiz.de/10010752809