Showing 1 - 10 of 35
. 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 develops a formal model of exchange network stability that combines expected value theory (Friedkin 1995 …
Persistent link: https://www.econbiz.de/10005230832
agreements need to be stable in order to be effective in increasing the efficiency of water use. In this paper, we assess the … 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 …
Persistent link: https://www.econbiz.de/10004990049
efficiency and stability. A skeptical answer is offered, as a reply to Barrett’s (2003) attempt at giving the notion a specific … case, the quest for efficiency is claimed to be at the root of cooperation. Next, cooperation is considered from the point … of view of stability. After recalling the two competing concepts of stability in use in the IEA literature, new insights …
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 …
Persistent link: https://www.econbiz.de/10005385415
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 …
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