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only known solution that satisfies core stability, strong aggegate monotonicity and null player out property in the class … of balanced games. The SD-prenucleolus is the only known solution that satisfies core stability continuity and is …
Persistent link: https://www.econbiz.de/10009364647
approach leads to a larger degree of cooperation compared to models based on the internal-external stability approach. …
Persistent link: https://www.econbiz.de/10005518763
This work analyzes a managerial delegation model in which firms that produce a differentiated good can choose between two production technologies: a low marginal cost technology and a high marginal cost technology. For the former to be adopted more investment is needed than for the latter. By...
Persistent link: https://www.econbiz.de/10005187623
This work analyzes a managerial delegation model in which firms can choose between a flexible production technology which allows them to produce two different products and a dedicated production technology which limits production to only one product. We analyze whether the incentives to adopt...
Persistent link: https://www.econbiz.de/10005518772
Persistent link: https://www.econbiz.de/10011266133
We study the effects of institutional constraints on stability, efficiency and network formation. An exogenous … examine the impact of such societal constraints on stable/efficient architectures and on dynamics. We also study stability and … stochastic stability in the presence of decay. …
Persistent link: https://www.econbiz.de/10009493838
This paper provides a new model of network formation that bridges the gap between the two benchmark models by Bala and Goyal, the one-way flow model, and the two-way flow model, and includes both as particular extreme cases. As in both benchmark models, in what we call an "asymmetric flow"...
Persistent link: https://www.econbiz.de/10011145666
model. We study Nash, strict Nash and pairwise stability for the intermediate models. Efficiency and dynamics are also …
Persistent link: https://www.econbiz.de/10011145667
The aim of this paper is to propose a new solution for the roommate problem with strict preferences. We introduce the solution of maximum irreversibility and consider almost stable matchings (Abraham et al. [2])and maximum stable matchings (Ta [30] [32]). We find that almost stable matchings are...
Persistent link: https://www.econbiz.de/10011145673
Persistent link: https://www.econbiz.de/10011129021