We consider the inner core as a solution concept for cooperative games with non- transferable utility (NTU) and its … subsets of the inner core for NTU market games and competitive payoff vectors of markets linked to the NTU market game. This … large class of closed subsets of the inner core: Given an NTU market game we construct a market depending on a given closed …

We investigate the relationship between certain subsets of the core for TU market games and competitive payoff vectors … and Shubik (1975). They remark already that their result can be extended to any closed convex subset of the core, but they … theorems of Shapley and Shubik (1975) are included as special cases. -- Market Games ; Competitive Payoffs ; Core …

Economists typically locate the origins of the theory of externalities in A.C. Pigou's The Economics of Welfare (1920 … conceptions of externalities, framed by changing ideas about what economic theory is attempting to achieve …, Pigou's effort gave rise to an unbroken Pigovian tradition in externality theory that continues to exert a substantial …

We investigate the relationship between certain subsets of the core for TU market games and competitive payoff vectors … and Shubik (1975). They remark already that their result can be extended to any closed convex subset of the core, but they …

Local network externalities are present when the network externalities associated with entering a certain network … the consequences of local network externalities within a framework where two networks compete on the Hotelling circle. We … first show that local network externalities, in contrast to global network externalities, do not sharpen competition. Then …

heterogeneity in competition is easily measured. I develop and estimate a matching model with externalities, where the value of a …