Showing 1 - 10 of 132
It is well--known that a transferable utility game has a non-empty core if and only if it is balanced. In the class of non-transferable utility games balancedness or the more general pi-balancedness due to Billera (1970) is a sufficient, but not a necessary condition for the core to be...
Persistent link: https://www.econbiz.de/10005304903
Dynamic exchange economies with uncertainty are considered in which information is released over infinite time. The strong sequential core of such an economy consists of those consumption processes where no coalition of agents wishes to deviate at any moment for the rest of time. Comparable to...
Persistent link: https://www.econbiz.de/10005304929
This note provides a new proof of the non-emptiness of the fuzzy core in a pureexchange economy with finitely many agents. The proof is based on the concept of(Π, β)-balanced core for games without side payments due to Bonnisseau and Iehlé(2003).
Persistent link: https://www.econbiz.de/10005304947
We study a model of multilateral bargaining over social outcomes represented by points in the unit interval. An acceptance or rejection of a proposal is determined by a voting rule as represented by a collection of decisive coalitions. The focus of the paper is on the asymptotic behavior of...
Persistent link: https://www.econbiz.de/10005209936
We study a process of bargaining over social outcomes represented by points in theunit interval. The identity of the proposer is determined by a general Markov process and the acceptance of a proposal requires the approval of it by all the players. We show that for every value of the discount...
Persistent link: https://www.econbiz.de/10005219986
This paper presents a new extension of the Rubinstein-St°ahl bargaining model to the case with n players, called sequential share bargaining. The bargaining protocol is natural and has as its main feature that the players’ shares in the cake are determined sequentially. The bargaining...
Persistent link: https://www.econbiz.de/10005670225
Dynamic exchange economies with uncertainty are considered in which information is released over infinite time. The strong sequential core of such an economy consists of those consumption processes where no coalition of agents wishes to deviate at any moment for the rest of time. Comparable to...
Persistent link: https://www.econbiz.de/10011199155
We study a process of bargaining over social outcomes represented by points in theunit interval. The identity of the proposer is determined by a general Markov process and the acceptance of a proposal requires the approval of it by all the players. We show that for every value of the discount...
Persistent link: https://www.econbiz.de/10011202044
We study a model of multilateral bargaining over social outcomes represented by points in the unit interval. An acceptance or rejection of a proposal is determined by a voting rule as represented by a collection of decisive coalitions. The focus of the paper is on the asymptotic behavior of...
Persistent link: https://www.econbiz.de/10011202056
This note provides a new proof of the non-emptiness of the fuzzy core in a pureexchange economy with finitely many agents. The proof is based on the concept of(Π, β)-balanced core for games without side payments due to Bonnisseau and Iehlé(2003).
Persistent link: https://www.econbiz.de/10011202116