Showing 1 - 10 of 543
, generically, core points exist; that is, to determine when the core exists in other than highly contrived settings. As known, the … subtle, critical error in their proofs. The sharp dimensional values along with results about the structure of the core are …
Persistent link: https://www.econbiz.de/10005556932
matching, a stable set is defined as the union of the core of the game and the core of the subgames that are compatible with … usually defined on the core. …
Persistent link: https://www.econbiz.de/10010547178
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
, 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
The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a … incentive compatible core can be empty, even if utility functions are quasi-linear. If, in addition to quasi-linearity, further … assumptions are made (like independent private values), the non-emptiness of the core follows nevertheless from d?Aspremont and …
Persistent link: https://www.econbiz.de/10010273735
) 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
This paper deals with a core-equilibrium equivalence in an economy with public goods where preferences of consumers …
Persistent link: https://www.econbiz.de/10010280750
need not be the worst possible result for the agents. Conditions are identified under which the game is dominance solvable … authority to force one of the available alternatives. Iterative dominance then implies that the alternative characterized in …
Persistent link: https://www.econbiz.de/10010280787
. The core predicts a unique and extreme outcome: the entire surplus is split evenly among the buyers when m > n and among … the sellers when m < n; the long side gets nothing. We test this core conjecture in the lab with n + m = 3 or 5 randomly … agreements while trading. Despite frequent attempts to collude and occasional large deviations from the core prediction, we find …
Persistent link: https://www.econbiz.de/10010288168
the discipline. After the presentation of some basic definitions, the focus will be on the core and the Shapley value, two …
Persistent link: https://www.econbiz.de/10010318970