Showing 1 - 10 of 28
We prove the non-emptiness of the core of an NTU game satisfying a condition of payoff-dependent balancedness, based on … transfer rate mappings. We also define a new equilibrium condition on transfer rates and we prove the existence of core payoff … vectors satisfying this condition. The additional requirement of transfer rate equilibrium refines the core concept and allows …
Persistent link: https://www.econbiz.de/10008532573
(interim) incentive compatible coarse core of the matching game are both non-empty. …We consider two-sided matching markets in which agents have private information on a state of nature which determines … the agents' utilities of matching. Monetary transfers are allowed and utility functions are quasi-linear. The model thus …
Persistent link: https://www.econbiz.de/10008532579
) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable …
Persistent link: https://www.econbiz.de/10009024339
In a commonvalueauction in which the information partitions of the bidders are connected, all rings are core … form, in spite of the underlying strategic externalities. A ring is core-stable if the core of this characteristic function … core-stable. …
Persistent link: https://www.econbiz.de/10009493427
Different kinds of asymmetries between players can occur in core allocations, in that case the stability of the concept … is questioned. One remedy consists in selecting robust core allocations. We review, in this note, results that all select … core allocations in NTU games with different concepts of robustness. Within a unified approach, we deduce the existence of …
Persistent link: https://www.econbiz.de/10008532339
We prove that a natural monopoly can set subsidy free pricing and sustainable pricing schedules in general economic environment. The setting is a multiproduct and multiple agent contestable market where demands are elastic and where rivals can enter the sub-markets composed by a set of the...
Persistent link: https://www.econbiz.de/10008532485
We are given a list of tasks Z and a population divided into several groups X j of equal size. Performing one task z requires constituting a team with exactly one member x j from every group. There is a cost (or reward) for participation: if type x j chooses task z, he receives p j (z);...
Persistent link: https://www.econbiz.de/10009195331
Traditionally, cooperative game theory has been applied to a variety of water resource problems assuming a deterministic pattern of supply. On the other hand, in view of the important role that water plays in regional and local projects, and taking into account that with climate change affecting...
Persistent link: https://www.econbiz.de/10008799440
We investigate the relative efficiency of an agreement based on a uniform standard without transfers and one based on differentiated standards with transfers when strictly identical countries deal with transboundary pollution. We especially ask what role fixed cost plays. Two approaches are...
Persistent link: https://www.econbiz.de/10009189922
. The paper provides a necessary and sufficient condition for core-partition existence in a hedonic game. The condition is … a core-partition. …
Persistent link: https://www.econbiz.de/10008520022