Showing 1 - 10 of 79
Persistent link: https://www.econbiz.de/10005118590
strong sequential core of such an economy consists of those consumption processes where no coalition of agents wishes to … sufficient conditions for non-emptiness of the strong sequential core in stationary economies are derived, based on non …. Moreover, sufficient conditions are given under which the strong sequential core contains only time and history independent …
Persistent link: https://www.econbiz.de/10014120559
The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains two important streams in the matching literature, those with and those without monetary transfers, as special cases and allows for intermediate cases with some restrictions on...
Persistent link: https://www.econbiz.de/10011307296
The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains two important streams in the matching literature, those with and those without monetary transfers, as special cases and allows for intermediate cases with some restrictions on...
Persistent link: https://www.econbiz.de/10013029128
The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains two important streams in the matching literature, those with and those without monetary transfers, as special cases and allows for intermediate cases with some restrictions on...
Persistent link: https://www.econbiz.de/10013021278
We introduce the notion of expectational equilibrium in a very general specification of the many-to-one matching with contracts model. The endogenous variables in an expectational equilibrium are expectations about tradable contracts. Expectational equilibrium outcomes are equivalent to stable...
Persistent link: https://www.econbiz.de/10014095483
-convexity, under which the game is shown to have a non-empty core and the average tree solution lies in the core. In general, link …
Persistent link: https://www.econbiz.de/10010325870
-convexity, under which the game is shown to have a non-empty core and the average tree solution lies in the core. In general, link …
Persistent link: https://www.econbiz.de/10011255465
-convexity, under which the game is shown to have a non-empty core and the average tree solution lies in the core. In general, link …
Persistent link: https://www.econbiz.de/10005137089
We examine the notion of the core when cooperation takes place in a setting with time and uncertainty. We do so in a … possible binding commitments regarding their actions at different date-events. We unify various treatments of dynamic core … concepts existing in the literature. This results in definitions of the Classical Core, the Segregated Core, the Two-stage Core …
Persistent link: https://www.econbiz.de/10010494468