Showing 1 - 10 of 45
We derive an almost non cooperative (ANC) analytical payoff function for all three-agent Aumann-Myerson (1988) games, and tractable ones exist for all three-agent A-M-like network games with any fixed valuation, in contrast to restricted results in the literature, if at all. Unlike link proposal...
Persistent link: https://www.econbiz.de/10005702641
We study a repeated Nash demand game, where bargainers follow a fictitious play procedure after their one-shot decision on demand in the initial period. In the reduced static game they play at the initial period, all the epsilon-equilibria are clustered around the division corresponding to the...
Persistent link: https://www.econbiz.de/10005702751
A core allocation of a complete information economy can be characterized as one that would not be unanimously rejected … such voting games, this approach makes it possible to derive core concepts in which information sharing is endogenous. Our … results lend support to credible core of Dutta and Vohra (2003) and the core proposed by Myerson (2003) as two that can be …
Persistent link: https://www.econbiz.de/10005130219
This paper reinterprets the gamma-core (Chander and Tulkens (1995, 1997)) and justifies it as well as its prediction …
Persistent link: https://www.econbiz.de/10005342201
The core is extended to games with incomplete information. The feasible set is characterized by incentive …
Persistent link: https://www.econbiz.de/10005342211
This work introduces a rigorous set-theoretic foundation of bilateral matching mechanisms and studies their properties … in a systematic manner. By providing a unified framework to study ilateral matching mechanisms, we formalize how … different spatial/informational constraints can be implemented via a careful selection of matching mechanisms. In particular …
Persistent link: https://www.econbiz.de/10005063736
random matching model with endogenous heterogeneity. I analyze the efficiency properties of the equilibrium and find that in …
Persistent link: https://www.econbiz.de/10005328902
We develop a model in which firms set their salary levels before matching with workers. Wages fall relative to any … recent antitrust case against the National Residency Matching Program in light of our results …
Persistent link: https://www.econbiz.de/10005328996
-emptiness of the strong core and the second domain restriction ensures non-emptiness of the weak core of the corresponding hedonic … games. Moreover, an element of the strong core under friends appreciation can be found in polynomial time, while finding an … element of the weak core under enemies aversion is NP-hard. We examine also the relationship between our domain restrictions …
Persistent link: https://www.econbiz.de/10005702645
We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We focus on games where players may promise or demand transfer payments when forming links. If players may only make such transfers on the links they are directly involved with, then...
Persistent link: https://www.econbiz.de/10005702654