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The lack of stability in some matching problems suggests that alternative solution concepts to the core might be applied to find predictable matchings. We propose the absorbing sets as a solution for the class of roommate problems with strict preferences. This solution, which always exists,...
Persistent link: https://www.econbiz.de/10005518770
El estudio de los impactos económicos de las políticas de control del cambio climático requiere del uso de modelos adecuados. Este artículo presenta un Modelo Dinámico de Equilibrio General Aplicado tipo Ramsey. El modelo implementa un mercado de permisos de emisión perfecto que garantiza...
Persistent link: https://www.econbiz.de/10005518771
This work analyzes a managerial delegation model in which firms can choose between a flexible production technology which allows them to produce two different products and a dedicated production technology which limits production to only one product. We analyze whether the incentives to adopt...
Persistent link: https://www.econbiz.de/10005518772
I contrast the theoretical foundation of profit maximization of Mas-Colell, Whinston and Greenٳ ܍icroeconomicsݠagainst that provided by Scitovsky in a paper of 1943. Whereas Mas-Colell, Whinston and Green try to show that profit maximization can be derived from utility maximization, Scitovsky...
Persistent link: https://www.econbiz.de/10005518773
We prove that the SD-prenucleolus satisfies monotonicity in the class of convex games. The SD-prenucleolus is thus the only known continuous core concept that satisfies monotonicity for convex games. We also prove that for convex games the SD-prenucleolus and the SD-prekernel coincide.
Persistent link: https://www.econbiz.de/10011129018
Also published as Working Paper Ikerlanak 2003-08
Persistent link: https://www.econbiz.de/10011129019
We analyze the von Neumann and Morgenstern stable sets for the mixed extension of 2 2 games when only single profitable deviations are allowed. We show that the games without a strict Nash equilibrium have a unique vN&M stable set and otherwise they have infinite sets.
Persistent link: https://www.econbiz.de/10011129020
Persistent link: https://www.econbiz.de/10011129021
Persistent link: https://www.econbiz.de/10011266133
Persistent link: https://www.econbiz.de/10011266134