Showing 131 - 140 of 56,594
Persistent link: https://www.econbiz.de/10010878377
efficiency implications of the various theories. …
Persistent link: https://www.econbiz.de/10011255412
in both the alpha-core and beta-core. On the other hand, both cores may be empty, indicating a lack of stability, when …
Persistent link: https://www.econbiz.de/10005248343
This paper reinterprets the gamma-core (Chander and Tulkens (1995, 1997)) and justifies it as well as its prediction …
Persistent link: https://www.econbiz.de/10005342201
subgame-perfect equilibrium, and is closely related to the core. The new theory provides insights into the theory of …
Persistent link: https://www.econbiz.de/10005357961
question of core stability of the grand coalition, namely: is there a subset of bidders that prefers forming a small bidding … the grand coalition is not necessarily core stable, as opposed to the zero externality case, where the stability of the …
Persistent link: https://www.econbiz.de/10009211237
In a commonvalueauction in which the information partitions of the bidders are connected, all rings are core … form, in spite of the underlying strategic externalities. A ring is core-stable if the core of this characteristic function … core-stable. …
Persistent link: https://www.econbiz.de/10009493427
We show that the characterization result of the weak core correspondence in simple games in Takamiya et al. (2018 …
Persistent link: https://www.econbiz.de/10012913496
We study core convergence in interim quasilinear economies with asymmetric information, concentrating on core notions …. Specifically, we shall focus on the credible core and randomized mediated core concepts. We consider independent replicas of the … individuals who belong to the same copy. We provide an example in which core convergence does not obtain for the Dutta …
Persistent link: https://www.econbiz.de/10014047845
Due to the externalities, in normal form games a deviation changes the payoff of all players inducing a retaliation by the remaining or residual players. The stability of an outcome depends on the expectations potential deviators have about this reaction, but so far no satisfactory theory has...
Persistent link: https://www.econbiz.de/10014089085