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A core allocation of a complete information economy can be characterized as one that would not be unanimously rejected … of such voting games, this approach makes it possible to derive core concepts in which the transmission of information … among members of a coalition is endogenous. Our results lend support to the credible core of Dutta and Vohra (2003) and the …
Persistent link: https://www.econbiz.de/10005163101
This paper reinterprets by [gamma]-core (Chander and Tulkens (1995, 1997)) and justifies it as well as its prediction …
Persistent link: https://www.econbiz.de/10005043417
This paper reinterprets the ? -core (Chander and Tulkens (1995, 1997)) and justifies it as well as its prediction that …
Persistent link: https://www.econbiz.de/10005423240
In an exchange economy with incomplete information, the signaling core is defined by the set of state … underlying the signaling core is supported by a sequential equilibrium of an ultimatum bargaining game with an informed proposer … restart rule belongs to the signaling core if the belief of players satisfies a self-selection property. …
Persistent link: https://www.econbiz.de/10010572398
An evolutionary style model of recontracting is given which guarantees convergence to core allocations of an underlying …
Persistent link: https://www.econbiz.de/10010582585
-person cooperative game according to the level of efficiency. The efficiency level is characterized by the number of "central" players … who join all equilibrium coalitions. The existence of a central player guarantees asymptotic efficiency. The marginal …
Persistent link: https://www.econbiz.de/10010584377
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/10010708636
) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable …
Persistent link: https://www.econbiz.de/10010708853
) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable …
Persistent link: https://www.econbiz.de/10008583724
In a common value auction 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 …
Persistent link: https://www.econbiz.de/10008674341