Showing 31 - 40 of 121
Qin [J. Eco. Th., 1996] recently showed that in a game of endogenous formation of cooperation structure, if the underlying TU-game is superadditive, then the full cooperation structure is stable. In this note, we characterize the class of games that ensure the stability of the full cooperation...
Persistent link: https://www.econbiz.de/10005572166
We consider non-cooperative environments in which two players have the power to commit but cannot sign binding agreements. We show that by committing to a set of actions rather than to a single action, players can implement a wide range of action profiles. We give a complete characterization of...
Persistent link: https://www.econbiz.de/10005561942
The literature on school choice assumes that families can submit a preference list over all the schools they want to be assigned to. However, in many real-life instances families are only allowed to submit a list containing a limited number of schools. Subjects' incentives are drastically...
Persistent link: https://www.econbiz.de/10005823951
Recently, several school districts in the US have adopted or consider adopting the Student-Optimal Stable mechanism or the Top Trading Cycles mechanism to assign children to public schools. There is evidence that for school districts that employ (variants of) the so-called Boston mechanism the...
Persistent link: https://www.econbiz.de/10005823987
Contrary to most countries, the recruitment of assistant professors in France is centralized: recruitment committees submit a ranking of candidates to the Ministry of Education, the candidates submit their own ranking over the faculties that rank them and the Ministry compute the final match...
Persistent link: https://www.econbiz.de/10005836801
This short paper isolates a non-trivial class of games for which there exists a monotone relation between the size of pure strategy spaces and the number of pure Nash equilibria (Theorem). This class is that of two-player nice games, i.e., games with compact real intervals as strategy spaces and...
Persistent link: https://www.econbiz.de/10008520865
This paper studies the stability of a finite local public goods economy, where a jurisdiction's choice of the public good is given by an exogenous decision scheme. Although it is often assumed in local public good economies with a continuum of agents, this feature is new in the finite case. A...
Persistent link: https://www.econbiz.de/10005699409
It is well known since Owen (Manag. Sci. 1968) that the weights in the weighted Shapley value cannot be interpreted as a measure of power (i.e. of the ability to bargain) of the players. This paper proposes a new weight scheme for the Shapley value. Weights in this framework have to be...
Persistent link: https://www.econbiz.de/10005125087
Persistent link: https://www.econbiz.de/10005146192
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