Showing 1 - 10 of 1,168
In this paper it is shown that the core and the bargaining sets of Davis-Maschler and Zhou coincide in a class of …
Persistent link: https://www.econbiz.de/10010321813
The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a … incentive compatible core can be empty, even if utility functions are quasi-linear. If, in addition to quasi-linearity, further … assumptions are made (like independent private values), the non-emptiness of the core follows nevertheless from d?Aspremont and …
Persistent link: https://www.econbiz.de/10010273735
the discipline. After the presentation of some basic definitions, the focus will be on the core and the Shapley value, two …
Persistent link: https://www.econbiz.de/10010318970
. The minimal (for inclusion) dominant set is non-empty and for a game with a non-empty coalition structure core, the … minimal dominant set returns this core. …
Persistent link: https://www.econbiz.de/10011325084
This paper reinterprets the ? -core (Chander and Tulkens (1995, 1997)) and justifies it as well as its prediction that …
Persistent link: https://www.econbiz.de/10011325128
We generalise the coalition structure core to partition function games. Our definition relies only on one crucial … initial one, and –whenever this is possible– they come to a residual core outcome. Deviating players form their optimistic or … pessimistic expectations with this in mind. This leads to a recursive definition of the core. When compared to existing approaches …
Persistent link: https://www.econbiz.de/10011335686
This paper associates a strategic n-person game with a given transferable utility game and studies its Nash equilibria. Strict equilibria in this model characterize those divisions of social surplus that can become conventions in the sense of Young (1993). It is shown that even in relatively...
Persistent link: https://www.econbiz.de/10010325424
Car owners are liable for property damage inflicted on other motorists. In most countries such liability must be insured by law. That law may favor expensive or heavy vehicles, prone to suffer or inflict large losses. This paper explores links between liability rules and vehicle choice. It...
Persistent link: https://www.econbiz.de/10010333956
agreement. In a static context it has already been shown that it is possible to achieve stability in the sense of the core of a … paper provides a transfer scheme that yields a core property in a dynamic context. The possibility of computing such …
Persistent link: https://www.econbiz.de/10011608430
'intuitive' hybrid solution concept, the free-riding-proof core, which is always nonempty but does not necessarily achieve global …
Persistent link: https://www.econbiz.de/10010270938