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In standard coalition games, players try to form a coalition to secure a prize and a coalition agreement specifies how the prize is to be split among its members. However, in practical situations where coalitions are formed, the actual split of the prize often takes place after the coalition...
Persistent link: https://www.econbiz.de/10012494898
This paper defines the concept of feedback Kant-Nash equilibrium for a discrete-time model of resource exploitation by infinitely-lived Kantian and Nashian players, where we define Kantian agents as those who act in accordance with the categorical imperative. We revisit a well-known dynamic...
Persistent link: https://www.econbiz.de/10012031053
Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good … interior matching equilibrium, however, emerges only under very special conditions. But we show in this note that corner … results by a simple numerical example. -- public goods ; matching ; Pareto optimality …
Persistent link: https://www.econbiz.de/10009011305
Stable matchings may fail to exist in the roommate matching problem, both when utility is transferable and when it is … not. We show that when utility is transferable, the existence of a stable matching is restored when there is an even … individuals of any given type is large enough there always exist "quasi-stable" matchings: a stable matching can be restored with …
Persistent link: https://www.econbiz.de/10010256106
) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable … possible explanation for cartels' structures (not) observed in practice. -- auctions ; Bayesian game ; collusion ; core …
Persistent link: https://www.econbiz.de/10003974150
on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous … sacrifice") which is derived from the egalitarian-equivalent concept suggested by Moulin (1987). We also develop a simple core … test by which it can be checked whether a given allocation is in the core thus being a possible outcome of a cooperative …
Persistent link: https://www.econbiz.de/10003983187
This paper reviews the literature concerning the evolution of cultural traits in general and preferences in particular, and the emergence and persistence of rules or norms, from a family per-spective. In models where every new person is effectively the clone of an existing one (either a parent...
Persistent link: https://www.econbiz.de/10012600188
Evidence suggests that participants in direct student-proposing deferred-acceptance mechanisms (DA) play dominated strategies. To explain the data, we introduce expectation-based loss aversion into a school-choice setting and characterize choice-acclimating personal equilibria in DA. We find...
Persistent link: https://www.econbiz.de/10012698801
model the principal-agent economy as a two-sided matching game and characterise the set of stable outcomes of this principal …-agent matching market. A simple mechanism to implement the set of stable outcomes is proposed. Finally, we put forward examples of …
Persistent link: https://www.econbiz.de/10011507906
Agents in a finite two-sided market are matched assortatively, based on costly investments. Besides signaling private, complementary types, investments generate direct benefits for partners. We explore quantitative properties of the equilibrium investment behavior. The bilateral external...
Persistent link: https://www.econbiz.de/10011778702