Showing 1 - 10 of 82
: (a) equivalence of the core and the set of competitive outcomes; (b) the Shapley value is contained in the core or … approximate cores; (c) the equal treatment property holds -- that is, both market equilibrium and the core treat similar players …
Persistent link: https://www.econbiz.de/10009328147
outside players play their best response noncooperatively, the core is nonempty in games with strategic complements. We apply …
Persistent link: https://www.econbiz.de/10005620003
This paper proposes two generalization of the core and evaluates them on experimental data of assignment games (workers …-cooperative games, and they prove to be both descriptive and predictive in the assignment games analyzed here. The "logit core" allows …
Persistent link: https://www.econbiz.de/10009251543
members of deviating coalitions move �first in choosing a coordinated strategy. We accordingly defi�ne what we call the phi-core …, and characterize the phi-core allocations of a cartel formation game and of a public goods economy. …
Persistent link: https://www.econbiz.de/10008565960
We analyze bargaining mechanisms for allocating resources in atomless econo- mies. We provide results proving that it is not necessary to consider the forma- tion of all coalitions in order to obtain the bargaining sets. This is shown under restrictions of different nature, triggering different...
Persistent link: https://www.econbiz.de/10011107345
For any transferable utility game in coalitional form with a nonempty core, we show that that the number of blocks … required to switch from an imputation out of the core to an imputation in the core is at most n-1, where n is the number of … players. This bound exploits the geometry of the core and is optimal. It considerably improves the upper bounds found so far …
Persistent link: https://www.econbiz.de/10011108416
information. One of them is the core and the other is known as coalitional fairness. The set of agents is modelled by a mixed … that the core is contained in the set of coalitionally fair allocations under some assumptions. This result provides …
Persistent link: https://www.econbiz.de/10011109801
Twelve sets, proposed as social choice solution concepts, are compared: the core, five versions of the uncovered set …
Persistent link: https://www.econbiz.de/10011259698
We define a bargaining set for finite economies using Aubin’s veto mechanism and show its coincidence with the set of Walrasian allocations. Then, we rewrite our notion in terms of replicated economies showing that, in contrast with Anderson, Trockel and Zhou’s (1997) non-convergence result,...
Persistent link: https://www.econbiz.de/10011183541
This note provides simple proofs of the equivalence among the core, equilibrium and limited arbitrage in markets with …
Persistent link: https://www.econbiz.de/10005620060