Showing 1 - 5 of 5
We study a Gale-like matching model in a large exchange economy, in which trade takes place through non-cooperative bargaining in coalitions of finite size. Under essentially the same conditions of core equivalence, we show that the strategic equilibrium outcomes of our model coincide with the...
Persistent link: https://www.econbiz.de/10005357959
By introducing physical outcomes in coalitional games we note that coalitional games and social choice problems are equivalent (implying that so are the theory of implementation and the Nash program). This clarifies some misunderstandings (in regrad to invariance and randomness), sometimes found...
Persistent link: https://www.econbiz.de/10005357964
Persistent link: https://www.econbiz.de/10005357965
This paper studies the problem of implementation of taxation methods in one-commodity environments in which the taxable incomes of the (at least two) agents are fixed and not known to the planner. In this problem (unlike most work in implementation theory), the feasible set is unknown to the...
Persistent link: https://www.econbiz.de/10005146796
We introduce a game form that captures a noncooperative dimention of the consistency property of bankruptcy rules. Any consistent and monotonic rule is fully characterized by a bilateral principle and consistency. Like the consistency axiom, our game form, together with the bilateral principle,...
Persistent link: https://www.econbiz.de/10005146798