Showing 1 - 10 of 21
set of all the stable allocations. The second choice process is the classic algorithm in matching theory, the Gale …
Persistent link: https://www.econbiz.de/10005731341
In this paper we present a set of axioms guaranteeing that, in exchange economies with or without indivisible goods, the set of Nash, Strong and active Walrasian Equilibria all coincide in the framework of market games.
Persistent link: https://www.econbiz.de/10005515885
This paper studies the sequential mechanisms which mimic matching procedures formany-to-one-real-life matching markets …. We provide a family of mechanisms implementing thestudent´ optimal allocation in subgame perfect equibrium. …
Persistent link: https://www.econbiz.de/10005515906
This paper introduces a property over agents' preferences, called Tops Responsiveness Condition. Such a property guarantees that the core in Hedonic Coalition Formation games is not empty. It is also shown that a mechanism exists that selects a stable allocation. It turns out that this...
Persistent link: https://www.econbiz.de/10005515913
This paper considers Nash equilibria of a game played by two populations. Stability of the mixed equilibria is diacU8 …
Persistent link: https://www.econbiz.de/10008557121
We consider a continuous spatial economy consisting of pure exchange local economies. Agents are allowed to change their location over time as a response to spatial utility differentials. These spatial adjustments toward higher utility neighborhoods lead the spatial economy to converge to a...
Persistent link: https://www.econbiz.de/10005812849
This paper examines the stability of deterministic steady-states in a class of economies where the state -variable is …
Persistent link: https://www.econbiz.de/10005731307
This paper studies a class of NTU coalition formation games in which every player's payoff depends only on the members of her coalition. We identify four natural conditions on individuals' preferences and show that, under each condition, stable (core) allocations exists.
Persistent link: https://www.econbiz.de/10005731445
In this paper we present a general result on the convergence to an equilibrium of a class of dynamic adjustment procedures -which includes Gradient Systems and Best Reply Dynamics as special cases- when there are two players and strategy sets are one dimensional. We also show that there are no...
Persistent link: https://www.econbiz.de/10005731450
This paper examines the stability of deterministic steady-states with a one dimensional state-variable and a smooth … expected value of the state variable next period determines its current value. The stability properties are seen to be robust …
Persistent link: https://www.econbiz.de/10008542850