Showing 1 - 10 of 137
the unique welfare distribution that is core-stable and satisfies the condition that no agent gets a utility payoff above … has an increasing benefit function (no externalities) then every weighted hierarchical solution is core-stable. In case of …
Persistent link: https://www.econbiz.de/10010325973
the unique welfare distribution that is core-stable and satisfies the condition that no agent gets a utility payoff above … has an increasing benefit function (no externalities) then every weighted hierarchical solution is core-stable. In case of …
Persistent link: https://www.econbiz.de/10011381991
is shown that an agreement will be reached without delay if any set of coalitions profits from merging. Even under this … coalition forms without delay in equilibrium, expected payoffs must be in the core of the characteristic function game that …
Persistent link: https://www.econbiz.de/10012650908
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
In auctions with externalities, the core can be empty, which is undesirable both in terms of stability and fairness. We … show that the core is nonempty if the seller cannot deviate, as a counterpart of the result of the nonemptiness of the core …
Persistent link: https://www.econbiz.de/10012836639
In auctions with externalities, it is well-known that the core can be empty, which is undesirable both in terms of … the sense that the seller and the bidders experience justified envy. We show that the core is nonempty if bidders cannot …
Persistent link: https://www.econbiz.de/10012843633
We develop a model of assignment games with pairwise-identitydependent externalities. A concept of conjectural equilibrium is proposed, and the universal conjecture is shown to be the necessary and sufficient condition for the general existence of equilibrium. We then apply the solution concept...
Persistent link: https://www.econbiz.de/10010191642
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 …
Persistent link: https://www.econbiz.de/10011596414
all possible matches. Finally, we analyze a notion of the core and its relation with the set of stable assignments. …
Persistent link: https://www.econbiz.de/10012195202
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 …
Persistent link: https://www.econbiz.de/10014118588