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of view of stability. After recalling the two competing concepts of stability in use in the IEA literature, new insights …. Free riding is also evaluated in relation with the alternative forms of stability under scrutiny. Finally, it is asked … efficiency and stability. A skeptical answer is offered, as a reply to Barrett’s (2003) attempt at giving the notion a specific …
Persistent link: https://www.econbiz.de/10005385392
This paper studies many-to-one matching market in which each agent’s preferences not only depend on the institution that hires her, but also on the group of her colleagues, which are matched to the same institution. With an unrestricted domain of preferences the non-emptiness of the core is...
Persistent link: https://www.econbiz.de/10005385415
. Constraining choices increases segregation and affects the stability and efficiency of the final allocation. Remarkably, the …
Persistent link: https://www.econbiz.de/10005008015
Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between individual strategic behavior and collective outcome. What has...
Persistent link: https://www.econbiz.de/10005008043
We study the stability of social and economic networks when players are farsighted. In particular, we examine whether …
Persistent link: https://www.econbiz.de/10005008046
This paper compares stability of international environmental agreements for six different rules of coalition formation … coalitions. From a policy perspective, counterintuitively, it turns out that stability is higher under exclusive than under open … membership and stability increases with the degree of unanimity. We discuss the policy implications of our result for future …
Persistent link: https://www.econbiz.de/10005423070
A coalitional matching is a two-sided matching problem in which agents on each side of the market may form coalitions such as student groups and research teams who - when matched - form universities. We assume that each researcher has preferences over the research teams he would like to work in...
Persistent link: https://www.econbiz.de/10005423256
We study hedonic games with heterogeneous player types that reflect her nationality, ethnic background, or skill type. Agents' preferences are dictated by status-seeking where status can be either local or global. The two dimensions of status define the two components of a generalized constant...
Persistent link: https://www.econbiz.de/10008674334
This paper develops a formal model of exchange network stability that combines expected value theory (Friedkin 1995 …
Persistent link: https://www.econbiz.de/10005230832
stability of water allocation agreements, using a game theoretic model. We consider the effects of climate change and the choice … of a sharing rule on stability. Our results show that both a decrease in mean river flow and an increase in the variance … of river flow decrease the stability of an agreement. An agreement where the downstream country is allocated a fixed …
Persistent link: https://www.econbiz.de/10004990049