Showing 131 - 140 of 17,909
Ordinally single-peaked preferences are distinguished from cardinally singlepeaked preferences, in which all players have a similar perception of distances in some one-dimensional ordering. While ordinal single-peakedness can lead to disconnected coalitions that have a "hole" in the ordering,...
Persistent link: https://www.econbiz.de/10005168642
We axiomatically investigate the problem of rationalizing bargaining solutions by social welfare functions that are linear in every rank-ordered subset of Rn+. Such functions, the so-called Choquet integrals, have been widely used in the theories of collective and individual choice. We refer to...
Persistent link: https://www.econbiz.de/10005611673
In this paper, we study many-to-one matching (hospital-intern markets) with an aftermarket. We analyze the Nash equilibria of capacity allocation games, in which preferences of hospitals and interns are common knowledge and every hospital determines a quota for the regular market given its total...
Persistent link: https://www.econbiz.de/10005619519
We study how social norms and individual rationality in the process of coalition formation sustain a particular form of collective inefficiency, namely excessive entry in the joint production and exploitation of an excludable good. We term this phenomenon the `tragedy of the clubs'. We model...
Persistent link: https://www.econbiz.de/10005407545
In this paper we show that it is possible to manipulate market equilibria in an economy with profit maximizing agents (or agents with quasi-linear utility functions) by either destroying or withholding ones initial endowments.
Persistent link: https://www.econbiz.de/10005407610
This paper investigates an allocation rule that fairly assigns at most one indivisible object and a monetary compensation to each agent, under the restriction that the monetary compensations do not exceed some exogenously given upper bound. A few properties of this allocation rule are stated and...
Persistent link: https://www.econbiz.de/10005419350
A coalitional matching is a two-sided matching problem in which agents on each side of the market may form coalitions such as student groups and research teams who - when matched - form universities. We assume that each researcher has preferences over the research teams he would like to work in...
Persistent link: https://www.econbiz.de/10005423256
This chapter gives a flavour of recent theoretical work on coalition formation and political parties. I survey recent work on both pre-election coalition formation and post election coalition (or government) formation. A number of alternative rationales for the formation of parties are compared...
Persistent link: https://www.econbiz.de/10005368612
In a linear production model, we characterize the class of efficient and strategy-proof allocation functions, and the class of efficient and coalition strategy-proof allocation functions. In the former class, requiring equal treatment of equals allows us to identify a unique allocation function....
Persistent link: https://www.econbiz.de/10005370920
Which strategy-proof nonbossy mechanisms exist in a model with a finite number of indivisible goods (houses, jobs, positions) and a perfectly divisible good (money)? The main finding is that only a finite number of distributions of the divisible good is consistent with strategy-proofness and...
Persistent link: https://www.econbiz.de/10005371155