Showing 1 - 10 of 17
over the other students who would attend the same college. It is well known that the core of this model may be empty …, without strong assumptions on agents' preferences. We introduce a method that finds all core matchings, if any exist. The … core is empty. …
Persistent link: https://www.econbiz.de/10010312324
sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …
Persistent link: https://www.econbiz.de/10010313218
'intuitive' hybrid solution concept, the free-riding-proof core, which is always nonempty but does not necessarily achieve global …
Persistent link: https://www.econbiz.de/10010270938
This paper first establishes a new core theorem using the concept of generated payoffs: the TU (transferable utility …) core is empty if and only if the maximum of generated payoffs (mgp) is greater than the grand coalition's payoff v(N), or …
Persistent link: https://www.econbiz.de/10010270946
We adopt the notion of von Neumann-Morgenstern farsightedly stable sets to predict which matchings are possibly stable when agents are farsighted in one-to-one matching problems. We provide the characterization of von Neumann-Morgenstern farsightedly stable sets: a set of matchings is a von...
Persistent link: https://www.econbiz.de/10010270949
would like to learn from. In this setup, we examine how the existence of core stable partitions on the distinct market sides … respect common rankings shape the existence of core stable coalitional matchings. …
Persistent link: https://www.econbiz.de/10010270953
In a common value auction in which the information partitions of the bidders are connected, all rings are core … form, in spite of the underlying strategic externalities. A ring is core-stable if the core of this characteristic function …
Persistent link: https://www.econbiz.de/10010272420
characterize the core as a function of the utility's parameter values and show that in all cases the corresponding cores are non …-empty. We further discuss the core stable outcomes in terms of their segregating versus integrating properties. …
Persistent link: https://www.econbiz.de/10010272462
We identify the core as an appealing stability concept of cooperative game theory, but argue that the non …-cooperative foundation of core-stability for positive externality NTU-games. First, in the spirit of Hart/Kurz (1983), we develop a game that … we call ?-game and show that strong Nash equilibria coalition structures in this game are identical to ?- and ?-core …
Persistent link: https://www.econbiz.de/10011325065
. The minimal (for inclusion) dominant set is non-empty and for a game with a non-empty coalition structure core, the … minimal dominant set returns this core. …
Persistent link: https://www.econbiz.de/10011325084