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general conditions. They imply that any efficient profile that is approximately achievable must be in the core of the …) an efficient profile can be approximately achieved if and only if it is in the core; and (iii) any achievable profile can …
Persistent link: https://www.econbiz.de/10011686703
conditions. They imply that any efficient profile that is approximately achievable must be in the core of the underlying … profile can be approximately achieved if and only if it is in the core; and (iii) any achievable profile can be achieved …
Persistent link: https://www.econbiz.de/10013123324
profile can be approximately achieved if and only if it is in the core of the underlying coalitional game; and (iii) any …
Persistent link: https://www.econbiz.de/10012723566
We analyze a game in which a group of agents exert costly effort over time to make progress on a project. The project is completed once the cumulative efforts reach a pre-specified threshold, at which point it generates a lump sum payoff. We characterize a budget balanced mechanism that induces...
Persistent link: https://www.econbiz.de/10012972549
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/10003983187
This paper deals with a core-equilibrium equivalence in an economy with public goods where preferences of consumers … ; Edgeworth ; Core ; Decentralization …
Persistent link: https://www.econbiz.de/10003827913
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/10013316192
This paper deals with a core-equilibrium equivalence in an economy with public goods where preferences of consumers …
Persistent link: https://www.econbiz.de/10005106341
Persistent link: https://www.econbiz.de/10012499794
Persistent link: https://www.econbiz.de/10011596022