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A core-equilibrium convergence in an economy with public goods
Allouch, Nizar - 2009
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
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An Axiom-Based Comparison of the Core and Other Core Extensions
Bejan, Camelia - 2020
We propose an axiomatic framework that allows a unified analysis of the core and three other related cooperative … solution concepts that are applicable even when the core itself is empty. Existing axiomatizations of the core and similar … domains. Our characterization of the core can be adapted to axiomatize extensions of the core concept that generate …
Persistent link: https://www.econbiz.de/10012824736
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Information, Uncertainty and the Core
Routledge, R. - 2016
How are contracts formed when agents face uncertainty, have asymmetric information and cannot write binding agreements? In this paper we propose a solution to this problem. Agents can discuss state-contingent allocations but cannot write binding contracts. At any stage in the contract formation...
Persistent link: https://www.econbiz.de/10013008261
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An Experiment on a Core Controversy
Yan, Huibin; Friedman, Daniel; Munro, David - 2021
A longstanding criticism of the core is that it is too sensitive to small changes in player numbers, as in a well known … and decreasing over time even with institutions that facilitate collusion and, consistent with core theory, a …
Persistent link: https://www.econbiz.de/10013238103
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Stability and the Core of Probabilistic Marriage Problems
Manjunath, Vikram - 2013
We study the marriage problem where a probability distribution over matchings is chosen. The “core” has been central to …
Persistent link: https://www.econbiz.de/10014183378
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Chapter Fifteen. Competitive Market Mechanisms as Social Choice Procedures
Hammond, Peter J. - In: Handbook of social choice and welfare : volume 2, (pp. 47-151). 2011
A competitive market mechanism is a prominent example of a nonbinary social choice rule, typically defined for a special class of economic environments in which each social state is an economic allocation of private goods, and individuals’ preferences concern only their own personal...
Persistent link: https://www.econbiz.de/10014025193
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Chapter 5. Coalition Formation
Ray, Debraj; Vohra, Rajiv - In: Handbook of game theory with economic applications : …, (pp. 239-326). 2015
This chapter surveys a sizable and growing literature on coalition formation. We refer to theories in which one or more groups of agents (“coalitions”) deliberately get together to jointly determine within-group actions, while interacting noncooperatively across groups. The chapter describes...
Persistent link: https://www.econbiz.de/10014025454
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The Walrasian objection mechanism and Mas-Colell's bargaining set in economies with many commodities
Urbinati, Niccolò - In: Economic theory 76 (2023) 1, pp. 45-68
Persistent link: https://www.econbiz.de/10014330035
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Marshallian Money, Welfare and Side-Payments
Qin, Cheng-Zhong - 2009
parameters specifying the interpersonal comparisons in the side-payment game. We study this game for the properties of the delta-core …
Persistent link: https://www.econbiz.de/10013156020
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Constrained Welfare Egalitarianism in Surplus-Sharing Problems
Calleja, Pedro - 2020
We introduce the constrained egalitarian surplus-sharing rule fCE, which distributes an amount of a divisible resource so that the poorer agents' resulting payoffs become equal but not larger than any remaining agent's status quo payoff. We show that fCE is characterized by Pareto optimality,...
Persistent link: https://www.econbiz.de/10012843038