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Persistent link: https://www.econbiz.de/10005371515
We study the relation between the fuzzy core and balancedness for fuzzy games. For regular games, this relation has been studied by Bondareva (Problemy Kibernet 10:119–139, <CitationRef CitationID="CR4">1963</CitationRef>) and Shapley (Naval Res Logist Q 14: 453–460, <CitationRef CitationID="CR11">1967</CitationRef>). First, we gain insight in this relation when we analyse...</citationref></citationref>
Persistent link: https://www.econbiz.de/10010999714
In this paper, we first give a direct proof of the existence of Edgeworth equilibria for exchange economies with consumption sets which are (possibly) unbounded below. The key assumption is that the individually rational utility set is compact. It is worth noticing that the statement of this...
Persistent link: https://www.econbiz.de/10005370865
In this paper, we first give a direct proof of the existence of Edgeworth equilibria for exchange economies with consumption sets which are (possibly) unbounded below. The key assumption is that the individually rational utility set is compact. It is worth noticing that the statement of this...
Persistent link: https://www.econbiz.de/10010750696
Persistent link: https://www.econbiz.de/10005032084
We study the relation between the fuzzy core and balancedness for fuzzy games. For regular games, this relation has been studied by Bondareva (1963) and Shapley (1967). First, we gain insight in this relation when we analyse situations where the fuzzy game is continuous. Our main result shows...
Persistent link: https://www.econbiz.de/10011090659
It has long been known that in economies with satiation, the set of competitive equilibria does not coincide with the limiting core of an economy. Competitive equilibria may fail to exist because satiated agents may choose their optimal consumption bundles in the interiors of their budget sets,...
Persistent link: https://www.econbiz.de/10011092256
We study the relation between the fuzzy core and balancedness for fuzzy games. For regular games, this relation has been studied by Bondareva (Problemy Kibernet 10:119–139, 1963 ) and Shapley (Naval Res Logist Q 14: 453–460, 1967 ). First, we gain insight in this relation when we analyse...
Persistent link: https://www.econbiz.de/10010759316
Black's Median Voter Theorem is among the more useful mathematical tools available to political scientists for predicting choices of political actors based on their preferences over a finite set of alternatives within an institutional or constitutional setting. If the alternatives can be placed...
Persistent link: https://www.econbiz.de/10008464016
We consider the problem of fairly dividing <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$l$$</EquationSource> </InlineEquation> divisible goods among <InlineEquation ID="IEq2"> <EquationSource Format="TEX">$$n$$</EquationSource> </InlineEquation> agents with the generalized Leontief preferences. We propose and characterize the class of generalized egalitarian rules which satisfy efficiency, group strategy-proofness, anonymity, resource monotonicity,...</equationsource></inlineequation></equationsource></inlineequation>
Persistent link: https://www.econbiz.de/10010993533