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common-pool resources, and rotation procedures in fair division problems. We study rotation programs via the implementation … between two consecutive states. We provide characterizing conditions for the implementation in rotation programs and show that …, for multi-valued rules, our notion of rotation monotonicity is necessary and sufficient for implementation. Finally, we …
Persistent link: https://www.econbiz.de/10012605973
common-pool resources, and rotation procedures in fair division problems. We study rotation programs via the implementation … between two consecutive states. We provide characterizing conditions for the implementation in rotation programs and show that …, for multi-valued rules, our notion of rotation monotonicity is necessary and sufficient for implementation. Finally, we …
Persistent link: https://www.econbiz.de/10012519973
Persistent link: https://www.econbiz.de/10011628386
dynamically stable for a wide class of adaptive dynamics. We argue that supermodularity is not a desirable stability criterion in … stability while gaining budget balance out of equilibrium. …
Persistent link: https://www.econbiz.de/10011689095
Persistent link: https://www.econbiz.de/10011793353
dynamically stable for a wide class of adaptive dynamics. We argue that supermodularity is not a desirable stability criterion in … stability while gaining budget balance out of equilibrium. …
Persistent link: https://www.econbiz.de/10009246638
Persistent link: https://www.econbiz.de/10014450005
outlined. To compute stability, the new notation is used for implementation into computer coding. Implementation and … of being stable and/or effective. This paper focuses on computing stability in a game on multiple coalition formation … computation aspects are discussed. Numerical illustration of the algorithm shows that stability varies with the applied membership …
Persistent link: https://www.econbiz.de/10005067833
We propose a way to model firm mergers using a matching game known as the roommate problem, whereby firms are assumed to make preference rankings of potential merger partners. The position of a firm in another firm's ranking is assumed to be governed by an index, which in turn consists of a...
Persistent link: https://www.econbiz.de/10010321524
We document experimentally how biased self-assessments affect the outcome of matching markets. In the experiments, we exogenously manipulate the self-confidence of participants regarding their relative performance by employing hard and easy real-effort tasks. We give participants the option to...
Persistent link: https://www.econbiz.de/10011574204