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We study the problem of allocating m identical items among nm agents with unit demand and private value for consuming the good. We allow payments and focus on dominant-strategy implementation. In the absence of an auctioneer who can absorb payments collected from the agents, the payments must be...
Persistent link: https://www.econbiz.de/10010785205
Most of the economic literature on bargaining has focused on situations where the set of possible outcomes is taken as given. This paper is concerned with situations where decision-makers first need to identify the set of feasible outcomes before they bargain over which of them is selected. Our...
Persistent link: https://www.econbiz.de/10008854532
This paper studies the core of combined games, obtained by summing different coalitional games when bargaining over multiple independent issues. It is shown that the set of balanced transferable utility games can be partitioned into equivalence classes of component games to determine whether the...
Persistent link: https://www.econbiz.de/10008860934
Persistent link: https://www.econbiz.de/10008145111