We present a new model of an economy with clubs, where players may belong to multiple clubs and where clubs may engage in a variety of club activities. The activities of each club may be unique to that club and may include provision of private goods, public goods, or simply covariance. Three...

This study welcomes the assumption that players respect the recommendations made by any given Equilibrium Selction Theory when the game played "suggests" no other alternative and evident way to play.

In this paper we study a class of cooperative sequencing games that arise from one-machine sequencing situations in which chain precedence relations are imposed on the jobs. It is shown that these sequencing games are convex.

We correct an omission in the definition of our domain of weakly responsive preferences introduced in Klaus and Klijn (2005) or KK05 for short. The proof of the existence of stable matchings (KK05, Theorem 3.3) and a maximal domain result (KK05, Theorem 3.5) are adjusted accordingly.

The dominant view in the recent literature on regional convergence seems to be that the evolution of regional incomes in the industrial countries is characterized by very slow but absolute beta convergence. In this paper we challenge this view on the basis of an analysis of the Spanish...

This paper presents results from experiments with finitely repeated games with complete and incomplete information. We use two treatment variables: the number of rounds the game is played and the value of the probability that reflects the presence of incomplete information.

We accomplish two goals. First, we provide a non-cooperative foundation for the use of the Nash bargaining solution in search markets. This finding should help to close the rift between the search and the matching-and-bargaining literature. Second, we establish that the diversity of quality...