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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/10003715105
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/10003715117
Pairing Games or Markets studied here are the non-two-sided NTU generalization of assignment games. We show that the Equilibrium Set is nonempty, that it is the set of stable allocations or the set of semistable allocations, and that it has several notable structural properties. We also...
Persistent link: https://www.econbiz.de/10010350435
We provide a new proof of the non-emptiness of approximate cores of games with many players of a finite number of types. Earlier papers in the literature proceed by showing that, for games with many players, equal-treatment cores of their "balanced cover games", which are non-empty, can be...
Persistent link: https://www.econbiz.de/10010472889
We show that the core of each strongly size monotonic hedonic game is not empty and is externally stable. This is in … sharp contrast to other sufficient conditions for core non-emptiness which do not even guarantee the existence of a stable … set in such games. -- Core ; Hedonic Games ; Monotonicity ; Stable Sets …
Persistent link: https://www.econbiz.de/10009231740
Persistent link: https://www.econbiz.de/10012803201
; Core ; Stability ; Status-seeking … 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. -- Coalitions …
Persistent link: https://www.econbiz.de/10008737786
, we prove the non-emptiness of the fuzzy rejective core. Then, via Konovalov (1998, 2005)'s equivalence result, we solve …
Persistent link: https://www.econbiz.de/10009510659
sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …
Persistent link: https://www.econbiz.de/10009756276
Persistent link: https://www.econbiz.de/10002808575