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Despite the large number of its references, this paper is less a survey than a systematic exposition, in an unifying framework and assuming convexity as well on the consumption side as on the production side, of the different equilibrium concepts elaborated for studying provision of public...
Persistent link: https://www.econbiz.de/10005012498
Focusing on their analysis of the optimal public goods provision problem, this paper follows the parallel development of equilibrium models and mechanism design after the accomodation of Samuelson's definition of collective goods to the general equilibrium framework. Both paradigms lead to the...
Persistent link: https://www.econbiz.de/10008727371
Focussing on their analysis of the optimal public goods provision problem, this paper follows the parallel development of equilibrium models and mechanism design after the accommodation of Samuelson's definition of collective goods to the general equilibrium framework. Both paradigms lead to the...
Persistent link: https://www.econbiz.de/10005012508
Persistent link: https://www.econbiz.de/10014253545
Persistent link: https://www.econbiz.de/10013543855
core (nonemptiness, boundedness, pointedness, extremal rays). …
Persistent link: https://www.econbiz.de/10011098344
to the c-core, while the latter corresponds to the aspiration core or d-core, where in both case, the best configuration …, that is, coalitions for which any solution of the d-core yields a payment for that coalition equal to its worht. In … possible payment (core element) and a single possible configuration. We also introduce the notion of inescapable coalitions …
Persistent link: https://www.econbiz.de/10010791258
We study the structure of unstable local effectivity functions defined for n players and p alternatives. A stability index based on the notion of cycle is introduced. In the particular case of simple games, the stability index is closely related to the Nakamura Number. In general it may be any...
Persistent link: https://www.econbiz.de/10005025524
An element of the possibly unbounded core of a cooperative game with precedence constraints belongs to its bounded core … if any transfer to a player from any of her subordinates results in payoffs outside the core. The bounded core is the … union of all bounded faces of the core, it is nonempty if the core is nonempty, and it is a continuous correspondence on …
Persistent link: https://www.econbiz.de/10009493567
generated by a partial order on the set of players. In such a situation, the core may be unbounded, and one has to select a … bounded part of the core as a solution concept. The restricted core is obtained by imposing equality constraints in the core … for sets belonging to so-called normal collections, resulting (if nonempty) in the selection of a bounded face of the core …
Persistent link: https://www.econbiz.de/10010585897