Showing 1 - 10 of 312
endogenous structure of collaboration is represented by a weighted network. The agents are forward-looking and capable of …
Persistent link: https://www.econbiz.de/10012010052
network model, in which an agent's payoff depends on the ranking of their allocation among their network neighbors’. Given a … network, an allocation is called α-stable if no blocking coalition whose size is an α fraction of the population can strictly … improve their payoffs. We find a sufficient and necessary condition for a network to permit an α-stable allocation: the …
Persistent link: https://www.econbiz.de/10014536951
of complementary patents. In this context, we study how the allocation of bargaining power between principal and agents … completion, efficiency requires concentrating bargaining power in the principal. Strengthening the bargaining position of the … or discriminatory offers. When this collective action problem is severe enough, agents are better off when bargaining …
Persistent link: https://www.econbiz.de/10014537034
The value is a solution concept for n-person strategic games, developed by Nash, Shapley, and Harsanyi. The value of a game is an a priori evaluation of the economic worth of the position of each player, reflecting the players' strategic possibilities, including their ability to make threats...
Persistent link: https://www.econbiz.de/10013189026
This paper develops a framework for studying repeated matching markets. The model departs from the Gale-Shapley matching model by having a fixed set of long-lived players (firms) match with a new generation of short-lived players (workers) in every period. I define history-dependent and...
Persistent link: https://www.econbiz.de/10014537010
In a general model of trading networks with bilateral contracts, we propose a suitably adapted chain stability concept that plays the same role as pairwise stability in two-sided settings. We show that chain stability is equivalent to stability if all agents' preferences are jointly fully...
Persistent link: https://www.econbiz.de/10013189046
We investigate how information goods are priced and diffused over links in a network. A new equivalence relation … between nodes captures the effects of network architecture and locations of sellers on the division of profits, and …
Persistent link: https://www.econbiz.de/10013189086
neighbors in the network to form exclusive long-term partnerships that guarantee reciprocal favor exchange. Refusing to provide … in every network. Equilibrium behavior is determined by the classification of nodes in the Gallai-Edmonds decomposition … of the underlying network. …
Persistent link: https://www.econbiz.de/10012215334
This paper studies the problem of assigning a set of indivisible objects to a set of agents when monetary transfers are not allowed and agents reveal only ordinal preferences, but random assignments are possible. We offer two characterizations of the probabilistic serial mechanism, which assigns...
Persistent link: https://www.econbiz.de/10011019198
A new mechanism was introduced in New York City and Boston to assign students to public schools. This mechanism was advocated for its superior fairness property, besides others. We introduce a new framework for school-choice problems and two notions of fairness in lottery design based on ex-ante...
Persistent link: https://www.econbiz.de/10011019208