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them today. Along with about 80 articles, Mertens's topics go from the formulation of Bayesian decision making in games … others, the selection of Nash equilibria in noncooperative games, the existence of solutions for stochastic games and the … extension of the Shapley value in cooperative games with infinitely many negligible agents. …
Persistent link: https://www.econbiz.de/10011074149
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 extends the assignment game introduced by Shapley and...
Persistent link: https://www.econbiz.de/10010905077
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/10010905124
market and where demands react to prices. The approach makes use of cooperative games to deduce the main results under …
Persistent link: https://www.econbiz.de/10010905176
use of parameterized cores of games with side payments to characterize subsidy free and sustainable pricings. …
Persistent link: https://www.econbiz.de/10010905237
modelled in terms of equilibrium-core allocations of parameterized cost games. …
Persistent link: https://www.econbiz.de/10010905384
the selection of specific core payoff vectors. Lastly, the class of parameterized cooperative games is introduced. This …
Persistent link: https://www.econbiz.de/10010905386
. As immediate corollaries, we obtain complementary results to the findings of Dutta and Ray (Games Econ Behav, 3 …
Persistent link: https://www.econbiz.de/10011228181
In a committee where cooperative voting occurs, effectivity functions describe the blocking power of coalitions. It is a binary relation that says for each coalition T and each subset of outcomes B whether or not T can force the final outcome within B. The corresponding cooperative stability...
Persistent link: https://www.econbiz.de/10010765456
If the allocations of a differential information economy are defined as incentive compatible state-contingent lotteries over consumption goods, competitive equilibrium allocations exist and belong to the (ex ante incentive) core. Furthermore, any competitive equilibrium allocation can be viewed...
Persistent link: https://www.econbiz.de/10010706418