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often incompatible concepts of stability (represented by the political economist Adam Smith) and fairness (represented by …
Persistent link: https://www.econbiz.de/10005754964
We consider one-to-one matching markets in which agents can either be matched as pairs or remain single. In these so-called roommate markets agents are consumers and resources at the same time. We investigate two new properties that capture the effect a newcomer has on incumbent agents....
Persistent link: https://www.econbiz.de/10005754944
We consider estate division problems, a generalization of bankruptcy problems. We show that in a direct revelation claim game, if the underlying division rule satisfies efficiency, equal treatment of equals, and weak order preservation, then all (pure strategy) Nash equilibria induce equal...
Persistent link: https://www.econbiz.de/10005754936