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In this paper conditions are given guaranteeing that the Core equals the D-core (the set of unDominated imputations). Under these conditions, we prove the non-emptiness of the intersection of the Weber set with the imputation set. This intersection has a special stability property: it is...
Persistent link: https://www.econbiz.de/10014064640
We analyze assortative multisided assignment games, following Sherstyuk (1999) and Martínez-de-Albéniz et al. (2019). In them players' abilities are complementary across types (i.e. supermodular), and also the output of the essential coalitions is increasing depending on types. We study the...
Persistent link: https://www.econbiz.de/10012859020
Persistent link: https://www.econbiz.de/10011943693
The rate of return earned on a deposit can depend on its term, the amount of money invested in it, or both. Most banks, for example, offer a higher interest rate for longer term deposits. This implies that if one individual has capital available for investment now, but needs it in the next...
Persistent link: https://www.econbiz.de/10012789662
We show that the family of assignment matrices which give rise to the same nucleolus form a compact join-semilattice with one maximal element, which is always a valuation (see p.43, Topkis (1998)). We give an explicit form of this valuation matrix. The above family is in general not a convex...
Persistent link: https://www.econbiz.de/10013010959
We study resource-monotonicity properties of core allocations in co-investment problems: those where a set of agents pool their endowments of a certain resource or input in order to obtain a joint surplus or output that must be allocated among the agents. We analyze whether agents have...
Persistent link: https://www.econbiz.de/10012941020