Showing 1 - 10 of 18
A group of agents are waiting for their job to be processed in a facility. We assume that each agent needs the same amount of processing time and incurs waiting costs. The facility has two parallel servers, being able to serve two agents at a time. We are interested in finding the order to serve...
Persistent link: https://www.econbiz.de/10010332214
In the marriage problem (two-sided one-to-one matching problem), it is well-known that the weak core, the strong core and the set of stable matchings are all equivalent. This paper generalizes the above observation considering the G-weak core and the G-strong core. These are core concepts in...
Persistent link: https://www.econbiz.de/10010332335
This paper studies the incentive compatibility of solutions to generalized indivisible good allocation problems introduced by Sönmez (1999), which contain the well-known marriage problems (Gale and Shapley, 1962) and the housing markets (Shapley and Scarf, 1974) as special cases. In particular,...
Persistent link: https://www.econbiz.de/10010332338
This paper aimed to compare the trust and reciprocity levels among international groups by adopting a modified trust game played among groups from Austria and Japan. Our results were as follows: (i) When the groups interacted intranationally, the trust and reciprocity levels among the Austrian...
Persistent link: https://www.econbiz.de/10010332419
It is known that on some social choice and economic domains, a social choice function is coalition strategy-proof if and only if it is Maskin monotonic (e.g. Muller and Satterthwaite, 1977). This paper studies the foundation of those results. I provide a set of conditions which is sufficient for...
Persistent link: https://www.econbiz.de/10010332423
This paper discusses an aspect of computational complexity in social choice theory. We consider the problem of designing voting rules, which is formulated in terms of simple games. We prove that it is an NP-complete problem to decide whether a given simple game is stable, or not.
Persistent link: https://www.econbiz.de/10010332460
We study the entry timing and location decisions of two exclusive buyer-supplier relationships in a continuous-time spatial competition model. In each relationship, the firms determine their entry timing and location, and negotiate a wholesale price through Nash bargaining. Then, the downstream...
Persistent link: https://www.econbiz.de/10012013677
O'donoghue and Zweimüller (2004, J. of Econ. Growth), a seminal work, showed that broadening leading breadth in patent protection can stimulate innovation. However, the empirical literature has consistently found skeptical results on the positive effect. To fill the gap, we build another...
Persistent link: https://www.econbiz.de/10014540400
This paper aims to contribute to the literature on Nash program by experimentally comparing the results of "structured" (non-cooperative) demand-based and offer-based mechanisms that implement the Shapley value as an ex-ante equilibrium outcome with the results of corresponding "semi-structured"...
Persistent link: https://www.econbiz.de/10014540408
In this paper we experimentally compare three implementations of Winter demand commitment bargaining mechanism: a one-period implementation, a twoperiod implementation with low and with high delay costs. Despite the different theoretical predictions, our results show that the three different...
Persistent link: https://www.econbiz.de/10012793792