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and the transformed one, which is called the Weber set of level k. We prove that the core of the original game is included …
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-submodular. Therefore the core is non-empty and it has a lattice structure which contains the allocation where every buyer receives his … equilibrium and vice versa. We study conditions under which the buyers-optimal and the seller-optimal core allocations are … competitive equilibrium payoff vectors. Moreover, we characterize the markets for which the core coincidences with the set of …
Persistent link: https://www.econbiz.de/10010797791
We provide explicit formulas for the nucleolus of an arbitrary assignment game with two buyers and two sellers. Five different cases are analyzed depending on the entries of the assignment matrix. We extend the results to the case of 2 m or m 2 assignment games.
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core and the kernel of a coalitional game in Maschler et al (1979). …
Persistent link: https://www.econbiz.de/10010593239
-optimal and the sellers-optimal core allocations. Non- square markets are analyzed also by reducing them to appropriate square …
Persistent link: https://www.econbiz.de/10010895706
-Bawerk assignment games to situations with an arbitrary number of sectors. We reach the extreme core allocations of any multi-sided B … sellers and buyers. We also study when the core of these games is stable in the sense of von Neumann-Morgenstern. …
Persistent link: https://www.econbiz.de/10008515122
We characterize single-valued solutions of transferable utility cooperative games satisfying core selection and …
Persistent link: https://www.econbiz.de/10008518895
the same core. We state conditions on matrix entries that ensure that the related assignment games have the same core. We … prove that the set of matrices leading to the same core form a join-semilattice with a nite number of minimal elements and a …
Persistent link: https://www.econbiz.de/10008522620