sufficient condition for the existence of equilibrium, generalizing known results. We then introduce the partnership …-stable equilibrium, a weakened solution concept in the sense that each equilibrium is also a partnership-stable equilibrium, and find …We characterize the core of the partnership formation problem (Talman and Yang, Journal of Mathematical Economics 47 …

equilibrium in finitely many steps. When an equilibrium exists, partnership and revenue distribution will be automatically and … equilibrium, which may or may not exist, no agents have incentives to break up or form new partnerships. This paper proposes a … dynamic competitive adjustment process that always either finds an equilibrium or exclusively disproves the existence of any …

equilibrium in finitely many steps. When an equilibrium exists, partnership and revenue distribution will be automatically and … equilibrium, which may or may not exist, no agents have incentives to break up or form new partnerships. This paper proposes a … dynamic competitive adjustment process that always either finds an equilibrium or exclusively proves the nonexistence of any …

equilibrium in finitely many steps. When an equilibrium exists, partnership and revenue distribution will be automatically and … equilibrium, which may or may not exist, no agents have incentives to break up or form new partnerships. This paper proposes a … dynamic competitive adjustment process that always either finds an equilibrium or exclusively disproves the existence of any …

This paper presents a model of partnership formation. A set of agents wants to conduct some business or other … under which an equilibrium can be attained. In equilibrium, the partner formation and the payoff distribution are … from the endogenously determined partner and payoff. The partnership formation problem contains the classical assignment …

equilibrium in finitely many steps. When an equilibrium exists, partnership and revenue distribution will be automatically and … equilibrium, which may or may not exist, no agents have incentives to break up or form new partnerships. This paper proposes a … dynamic competitive adjustment process that always either finds an equilibrium or exclusively disproves the existence of any …

disproves the existence of any equilibrium in finitely many steps. When an equilibrium exists, partnership and revenue … equilibrium, which may or may not exist, no agents have incentives to break up any existing partnerships or form new partnerships …. This paper proposes a dynamic competitive adjustment process that always either finds an equilibrium or exclusively …

Unlike partial equilibrium analysis which study the equilibrium of a particular market under the clause "ceteris … paribus" that revenues and prices on the other markets stay approximately unaffected, the ambition of a general equilibrium … model is to analyze the simultaneous equilibrium in all markets of a competitive economy. Definition of the abstract model …

In this note, we examine the connection between the roommate model and the partnership formation model (Talman and Yang …