This paper deals with a core-equilibrium equivalence in an economy with public goods where preferences of consumers … ; Edgeworth ; Core ; Decentralization …

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 …

We study the marriage problem where a probability distribution over matchings is chosen. The “core” has been central to …

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 …

bilateral consistency à la Hart and Mas-Colell. We prove that the egalitarian solution is the unique core selection that … satisfies AM and bounded richness, requiring that the poorest players cannot be made richer within the core. Replacing “poorest …