Showing 1 - 10 of 36
Although simple games are very useful in modeling decision-making bodies, they allow each voter only two choices: to support or oppose a measure. This restriction ignores that voters often can abstain from voting, which is effectively different from the other two options. Following the approach...
Persistent link: https://www.econbiz.de/10010577251
core. In this paper a new core concept, the interim sequential core (ISC), is proposed as a solution concept to … with the weak sequential core (WSC) of Habis and Herings (2011) but avoids the myopia implicit in the strong sequential … core (SSC). The three core notions are shown to be related by the subset inclusion ordering. The solution concept is …
Persistent link: https://www.econbiz.de/10011117122
A longstanding criticism of the core is that it is too sensitive to small changes in player numbers, as in a well known … and decreasing over time even with institutions that facilitate collusion and, consistent with core theory, a …
Persistent link: https://www.econbiz.de/10013238103
point in the core and that is more responsive to changes than the well-studied folk solution. The paper shows a sufficient …
Persistent link: https://www.econbiz.de/10010573660
In this paper, we provide three new characterizations of largeness of the core. The first characterization is based on … bases that provide core elements of the game and the bases that provide core elements of the games that are obtained from … base of the grand coalition does not provide a core element of the game, it should not provide a core element of a game …
Persistent link: https://www.econbiz.de/10011049687
Sengupta and Sengupta (1996) study the accessibility of the core of a TU game and show that the core, if non-empty, can … be reached from any non-core allocation via a finite sequence of successive blocks. This paper complements the result by … showing that when the core is empty, a number of non-empty core-extensions, including the least core and the weak least core …
Persistent link: https://www.econbiz.de/10011049717
the same core. We state conditions on matrix entries that ensure that the related assignment games have the same core. We … prove that the set of matrices leading to the same core form a join-semilattice with a finite number of minimal elements and …
Persistent link: https://www.econbiz.de/10011049744
This paper considers a resource allocation mechanism that utilizes a profit-maximizing auctioneer/matchmaker in the Kelso–Crawford (1982) (many-to-one) assignment problem. We consider general and simple (individualized price) message spaces for firmsʼ reports following Milgrom (2010). We show...
Persistent link: https://www.econbiz.de/10011049796
This paper proposes axiomatic foundations of expectation formation rules, by which deviating players anticipate the reaction of external players in a partition function game. The projection rule is the only rule satisfying subset consistency and responsiveness to the original partition of...
Persistent link: https://www.econbiz.de/10011117136
First via a counter example it is shown that Proposition 3 of Anbarci and Sun (2013) is false. Then a gap and a mistake in their proof are identified. Finally, a modified version of their Proposition 3 is stated and proved.
Persistent link: https://www.econbiz.de/10010906699