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Paths to stability in two-sided matching with uncertainty
Lazarova, Emiliya A.; Dimitrov, Dinko - 2013
We consider one-to-one matching problems under two modalities of uncertainty that differ in the way types are assigned to agents. Individuals have preferences over the possible types of the agents from the opposite market side and initially know the "name" but not the "type" of the other...
Persistent link: https://www.econbiz.de/10009702237
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The evolution of core stability in decentralized matching markets
Nax, Heinrich H.; Pradelski, Bary S. R.; Young, H. Peyton - 2013
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/10009756276
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Cheap talk with correlated signals
Chand, A. K. S.; Currarini, Sergio; Ursino, Giovanni - 2013
one sender case, we show that correlation unambiguously tightens the existence conditions for a truth-telling equilibrium …. We then generalize the model to an arbitrary number of senders, and we find that, in this case, the effect of correlation … on the incentives to report information truthfully is non monotone, and correlation may discipline senders' equilibrium …
Persistent link: https://www.econbiz.de/10010189326
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An application of correlation clustering to portfolio diversification
Zhan, Hannah Cheng Juan; Rea, William; Rea, Alethea - 2014
Persistent link: https://www.econbiz.de/10010348320
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Mergers and Asset Prices in a Firm Network Economy
Brumen, Gorazd - Institut für Schweizerisches Bankwesen <Zürich> - 2007
We examine merger activity and its effect on asset pricing in a firm network economy. Mergers create internal capital markets which change the cash flow risk structure of the merging firms. We propose a solution concept for coalitional games without the superadditivity axiom, which extends...
Persistent link: https://www.econbiz.de/10005858047
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Alternative characterizations of the proportional solution for nonconvex bargaining problems with claims
Lombardi, Michele (contributor);  … - 2008
We provide three alternative characterizations of the proportional solution defined on compact and comprehensive bargaining problems with claims that are not necessarily convex. One characterization result is obtained by using, together with other standard axioms, two solidarity axioms. Another...
Persistent link: https://www.econbiz.de/10003740331
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Overlapping coalitions, bargaining and networks
Agbaglah, Messan; Ehlers, Lars H. - 2010
This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at equilibrium. We show the existence of subgame perfect...
Persistent link: https://www.econbiz.de/10008737140
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Status-seeking in hedonic games with heterogeneous players
Lazarova, Emiliya A.; Dimitrov, Dinko - 2010
We study hedonic games with heterogeneous player types that reflect her nationality, ethnic background, or skill type. Agents' preferences are dictated by status-seeking where status can be either local or global. The two dimensions of status define the two components of a generalized constant...
Persistent link: https://www.econbiz.de/10008737786
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Harmful signaling in matching markets
Kushnir, Alexey - 2010
Some labor markets have recently developed formal signalling mechanisms, e.g. the signalling for interviews in the job market for new Ph.D. economists. We evaluate the effect of such mechanisms on two-sided matching markets by considering a game of incomplete information between firms and...
Persistent link: https://www.econbiz.de/10008737789
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Group bargaining and conflict
Quérou, Nicolas - 2010
We consider a situation where groups negotiate over the allocation of a surplus (which is used to fund group specific goods). Each group is composed of agents who have differing valuations for public goods. Members choose a representative to take decisions on their behalf. Specifically,...
Persistent link: https://www.econbiz.de/10008747115