Showing 1 - 10 of 12
We introduce the concept of a parameterized collection of games with side payments and determine a bound on e so that all sufficiently large games in such a collection have non-empty e -cores. A parameterized collection of games is described by (a) the number of approximate player types and the...
Persistent link: https://www.econbiz.de/10005827261
We introduce the framework of parameterized collections of games with and without sidepayments and provide three nonemptiness of approximate core theorems. The parameters bound (a) the number of approximate types of players and the size of the approximation and (b) the size of nearly effective...
Persistent link: https://www.econbiz.de/10005146852
The “law of scarcity” is that scarceness is rewarded ; recall, for example, the diamonds and water paradox. In this paper, furthering research initiated in Kelso and Crawford (1982, Econometrica 50, 1483-1504) for matching models, we demonstrate a law of scarcity for cores and approximate...
Persistent link: https://www.econbiz.de/10005747102
We introduce the framework of parameterized collections of games with and without side payments and provide three no emptiness of approximate core theorems for games in parameterized collections. The parameters bound (a) the number of approximate types of players and the size of the...
Persistent link: https://www.econbiz.de/10005747189
We consider parameterized collections of games without side payments and determine a bound on epsilon so that all sufficiently large games in the collection have non-empty epsilon-cores. The required size of epsilon depends on: (a) the number of approximate player types and the accuracy of this...
Persistent link: https://www.econbiz.de/10005704797
We introduce the concept of a parameterized collection of games with limited side payments, ruling out large transfers of utility. Under the assumption that the payoff set of the grand coalition is convex, we show that a large game with limited side payments has a nonempty varepsilon core. Our...
Persistent link: https://www.econbiz.de/10005704811
We introduce the framework of parameterized collections of games and provide three nonemptiness of approximate core theorems for arbitrary games with and without sidepayments. The parameters bound (a) the number of approx-imate types of players and the size of the approximation and (b) the size...
Persistent link: https://www.econbiz.de/10005704727
The "law of scarcity" is that scarceness is rewarded; recall, for example, the diamonds and water paradox. In this paper, furthering research initiated in Kelso and Crawford (1982, Econometrica 50, 1483-1504) for matching models, we demonstrate a law of scarcity for cores and approximate cores of...
Persistent link: https://www.econbiz.de/10005704736
We consider parameterized collections of games without side payments and determine a bound on epsilon so that all suffciently large games in the collection have non-empty epsilon-cores. Our result makes explicit the relationship between the required size of epsilon for non-emptiness of the...
Persistent link: https://www.econbiz.de/10005704808
A "law of scarcity" is that scarceness is rewarded. We demonstrate laws of scarcity for cores and approximate cores of games. Furthermore, we show that equal treatment core payout vectors satisfy a condition of cyclic monotonicity. Our results are developed for parameterized collections of games...
Persistent link: https://www.econbiz.de/10005178332