Showing 1 - 10 of 122
equilibrium and the one generated by weakly dominance relation, converge to a set of allocations we define as strictly stable …
Persistent link: https://www.econbiz.de/10010279626
We consider a model of the 'world' with several regions that may create a unified entity or be partitioned into several unions (countries). The regions have distinct preferences over policies chosen in the country to which they belong and equally share the cost of public policies. It is known...
Persistent link: https://www.econbiz.de/10010270924
Given a simple game, a power configuration specifies the power of each player in each winning coalition. We introduce a new power configuration which takes into account bargaining among players in coalitions. We show that under very weak conditions on a bargaining solution there is a power...
Persistent link: https://www.econbiz.de/10010328699
We investigate the computational complexity of several decision problems in hedonic coalition formation games and demonstrate that attaining stability in such games remains NP-hard even when they are additive. Precisely, we prove that when either core stability or strict core stability is under...
Persistent link: https://www.econbiz.de/10010279421
and varying individual preferences on players' strategies and equilibrium outcomes through numerical simulations of a …
Persistent link: https://www.econbiz.de/10010312354
play a new equilibrium. This imposes new refinements on equilibrium play, where play depends on the relative populations of … subgame perfect equilibrium of the corresponding fixed-player repeated games. We explore existence under different equilibrium … definitions, as well as the relationship to renegotiation-proof equilibrium. It is possible for repeated matching equilibria to be …
Persistent link: https://www.econbiz.de/10010312355
games among multiple players, we identify the main features of players' optimal strategies and equilibrium agreements. As in …
Persistent link: https://www.econbiz.de/10010312580
Decentralized matching markets on the internet allow large numbers of agents to interact anonymously at virtually no cost. Very little information is available to market participants and trade takes place at many different prices simultaneously. We propose a decentralized, completely uncoupled...
Persistent link: https://www.econbiz.de/10010313218
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
equilibrium. We show the existence of subgame perfect equilibrium and provide an algorithm to compute this equilibrium in the …
Persistent link: https://www.econbiz.de/10010272385