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We study core convergence in interim quasilinear economies with asymmetric information, concentrating on core notions in which information is transmitted endogenously within coalitions and the incentive constraints are relevant. Specifically, we shall focus on the credible core and randomized...
Persistent link: https://www.econbiz.de/10003728413
This paper investigates the suitability of apportionment methods based on the idea of preserving the coalition function of the simple game represented by the populations of the states. The results show that an apportionment method which satisfies desirable properties such as population...
Persistent link: https://www.econbiz.de/10003730883
We consider hedonic coalition formation games that are induced by a simple TU-game and a cooperative solution. For such models, Shenoy's (1979) absence of the paradox of smaller coalitions provides a sufficient condition for core existence. We present three different versions of his condition in...
Persistent link: https://www.econbiz.de/10003731198
We investigate a situation in which gains from cooperation are represented by a cooperative TU-game and a solution proposes a division of coalitional worths. In addition, asymmetries among players outside the game are captured by a vector of exogenous weights. If a solution measures players'...
Persistent link: https://www.econbiz.de/10003731211
In this paper we provide characterizations of convex games and total clan games by using properties of their corresponding marginal games. We show that a "dualize and restrict" procedure transforms total clan games with zero worth for the clan into monotonic convex games. Furthermore, each...
Persistent link: https://www.econbiz.de/10003731215
In this paper we study hedonic coalition formation games in which players' preferences over coalitions are induced by a semi-value of a monotonic simple game with veto control. We consider partitions of the player set in which the winning coalition contains the union of all minimal winning...
Persistent link: https://www.econbiz.de/10003731222
We consider the class of proper monotonic simple games and study coalition formation when an exogenous weight vector and a solution concept are combined to guide the distribution power within winning coalitions. These distributions induce players' preferences over coalitions in a hedonic game....
Persistent link: https://www.econbiz.de/10003731223
We present a taxonomy of myopic stability concepts for hedonic games in terms of deviations, and discuss the status of the existence problems of stable coalition structures. In particular, we show that contractual strictly core stable coalition structures always exist, and provide sufficient...
Persistent link: https://www.econbiz.de/10003731228
This paper investigates conditions under which the core of a TU cooperative game is stable. In particular the author extends the idea of extendability to find new conditions under which the core is stable. It is also shown that these new conditions are not necessary for core stability. -- Core...
Persistent link: https://www.econbiz.de/10003731234
We are concerned with the problem of core membership testing for hedonic coalition formation games, which is to decide whether a certain coalition structure belongs to the core of a given game. We show that this problem is co-NP complete when players' preferences are additive. -- Additivity ;...
Persistent link: https://www.econbiz.de/10003731608