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-firm-buyer games have non-empty core. We show that for these games the core coincides with the classical bargaining set (Davis and …
Persistent link: https://www.econbiz.de/10012011071
-firm-buyer games have non-empty core. We show that for these games the core coincides with the classical bargaining set (Davis and …
Persistent link: https://www.econbiz.de/10012290252
of all Walrasian equilibrium allocations, the core, and the anonymous core of Hara (2002) are all empty. We also give an … equivalence theorem for the anonymous core when the preference relations may not be monotone. …
Persistent link: https://www.econbiz.de/10005570208
One of the many important contributions in David Schmeidler's distinguished career was the introduction of the nucleolus. This paper is an update on the nucleolus and its two related supersolutions, i.e., the kernel and the bargaining set.
Persistent link: https://www.econbiz.de/10012018578
Pairing Games or Markets studied here are the non-two-sided NTU generalization of assignment games. We show that the Equilibrium Set is nonempty, that it is the set of stable allocations or the set of semistable allocations, and that it has several notable structural properties. We also...
Persistent link: https://www.econbiz.de/10010350435
are currently employed/unemployed. We show that such a process is absorbed into the core with probability one in finite … time. Moreover, within the core, allocations are selected that are characterized by surplus splitting according to a …
Persistent link: https://www.econbiz.de/10011453256
introduce the concept of core in games with externalities. We show that different assumptions on the behaviour as well as on the … timing of the coalitions of firms yield very di¤erent results on the set of allocations which are core-stable. We then …
Persistent link: https://www.econbiz.de/10009395805
This paper proposes two generalization of the core and evaluates them on experimental data of assignment games (workers …-cooperative games, and they prove to be both descriptive and predictive in the assignment games analyzed here. The "logit core" allows …
Persistent link: https://www.econbiz.de/10009251543
Persistent link: https://www.econbiz.de/10009292855
sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …
Persistent link: https://www.econbiz.de/10010665513