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existence of equilibrium. We then apply the solution concept to a matching-based Cournot model in which the unit production cost … technology and human capital are complementary, the positive assortative matching (PAM) is a stable matching under rational … marginal effects of technology and human capital, the PAM is still a rational stable matching. However, if the substitutive …
Persistent link: https://www.econbiz.de/10010191642
We give a direct proof of one-sided strategy-proofness for worker-firm matching under continuously transferable utility …
Persistent link: https://www.econbiz.de/10012933003
We consider the problem of axiomatizing the Shapley value on the class of assignment games. We first show that several axiomatizations of the Shapley value on the class of all TU-games do not characterize this solution on the class of assignment games by providing alternative solutions that...
Persistent link: https://www.econbiz.de/10014040150
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This chapter surveys a class of solution concepts for n -person games without transferable utility — NTU games for short — that are based on varying notions of “fair division”. An NTU game is a specification of payoffs attainable by members of each coalition through some joint course of...
Persistent link: https://www.econbiz.de/10014024490
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of the extended cores of all μ-compatible subgames, for a given optimal matching μ, is the core with respect to those … allocations that are compatible with that matching, and this union is always non-empty. …
Persistent link: https://www.econbiz.de/10012011087
The value is a solution concept for n-person strategic games, developed by Nash, Shapley, and Harsanyi. The value of a game is an a priori evaluation of the economic worth of the position of each player, reflecting the players' strategic possibilities, including their ability to make threats...
Persistent link: https://www.econbiz.de/10012806287
Cooperative game theory has proposed different notions of powerful players. For example, big-boss games (Muto et al …
Persistent link: https://www.econbiz.de/10013314021
based on a neighbor argument on orders of the players. The second one uses combinatorial and matching arguments and leads to …
Persistent link: https://www.econbiz.de/10014181798