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Equity as a prerequisite for stable cooperation in a public-good economy: The core revisited

Buchholz, Wolfgang; Peters, Wolfgang - 2010

on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous … sacrifice') which is derived from the egalitarian-equivalent concept suggested by Moulin (1987). We also develop a simple core … test by which it can be checked whether a given allocation is in the core thus being a possible outcome of a cooperative …

Persistent link: https://www.econbiz.de/10010270530

Representation of TU games by coalition production economies

Inoue, Tomoki - 2010

, the set of Walrasian payoff vectors of the induced coalition production economy coincides with the core of the balanced …

Persistent link: https://www.econbiz.de/10010272566

Core-stable rings in auctions with independent private values

Biran, Omer; Forges, Françoise - 2010

) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable …

Persistent link: https://www.econbiz.de/10010273875

Dominance solvability of dynamic bargaining games

Tyson, Christopher J. - 2009

We formulate and study a general finite-horizon bargaining game with simultaneous moves and a disagreement outcome that need not be the worst possible result for the agents. Conditions are identified under which the game is dominance solvable in the sense that iterative deletion of weakly...

Persistent link: https://www.econbiz.de/10010280787

Demand adjustment in coalitional games

Laan, Gerard van der; Pruzhansky, Vitaly - 2004

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/10011342576