). We introduce a new core concept, termed the Two Stage Core. This core notion is appropriate for economies with trade in … for recontracting. Briefly, the results in this thesis are as follows. We show that the two stage core always exists under … standard continuity and concavity assumptions. We derive the two stage core of an asset markets economy as a specification of …

Prospect Theory) by fitting utility functions to negotiation behavior observed in a laboratory setting. In addition to … strongly suggest that the Prospect Theory value function provides the best prediction of actual negotiation behavior. Results …

usage of local public goods within jurisdictions. We investigate the possibility of anonymous decentralizations of core … allocations. It turns out that it is possible to decentralize core allocations with anonymous admission prices. However these … nonanonymous Lindahl decentralization, the core is generally larger than the set of anonymous Lindahl equilibria. …