Showing 31 - 40 of 12,563
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
Ostrovsky [10] develops a theory of stability for a model of matching in exogenously given networks. For this model a … core stability of chain stable networks, (iii) the efficiency of chain stable networks, (iv) the existence of a group … with the core are also characterized. …
Persistent link: https://www.econbiz.de/10010270419
We introduce a regularization and blocking estimator for well-conditioned high-dimensional daily covariances using high-frequency data. Using the Barndorff-Nielsen, Hansen, Lunde, and Shephard (2008a) kernel estimator, we estimate the covariance matrix block-wise and regularize it. A data-driven...
Persistent link: https://www.econbiz.de/10010270808
would like to learn from. In this setup, we examine how the existence of core stable partitions on the distinct market sides … respect common rankings shape the existence of core stable coalitional matchings. …
Persistent link: https://www.econbiz.de/10010270953
core coincides with the set of cost-minimized Walras allocations. Because of the indivisibility, the preference …
Persistent link: https://www.econbiz.de/10010272567
. We prove that the strong core coincides with the set of cost-minimized Walras allocations which satisfy both the …
Persistent link: https://www.econbiz.de/10010272569
players' preferences over coalitions in a hedonic game. We formalize the notion of semistrict core stability, which is … stronger than the standard core concept but weaker than the strict core notion and derive two characterization results for the … semistrict core, dependent on conditions we impose on the solution concept. It turns out that a bounded power condition, which …
Persistent link: https://www.econbiz.de/10010272591
This paper investigates core stability of cooperative, TU games via a fuzzy extension of the totally balanced cover of … a TU game. The stability of the core of the fuzzy extension of a game, the concave extension, is shown to reflect the … core stability of the original game and vice versa. Stability of the core is then shown to be equivalent to the existence …
Persistent link: https://www.econbiz.de/10010272595
. Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely … agents, the core coincides with the set of Walras allocations. We show that this equivalence holds only in an atomless … economy by giving two examples of the sequence of replica economies such that in any replica economy, there exists a core …
Persistent link: https://www.econbiz.de/10010272603
models, Shenoy's (1979) absence of the paradox of smaller coalitions provides a sufficient condition for core existence. We …. (2001) that guarantees nonemptiness of the core in more general models. As it turns out, the top coalition property implies …
Persistent link: https://www.econbiz.de/10010272609