Showing 131 - 140 of 9,496
The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains two important streams in the matching literature, those with and those without monetary transfers, as special cases and allows for intermediate cases with some restrictions on...
Persistent link: https://www.econbiz.de/10011147047
The main contribution of the paper is to provide a weaker non-satiation assumption than the one commonly used in the literature to ensure the existence of competitive equilibrium. Our assumption allows for satiation points in the set of individually feasible consumptions, provided that the...
Persistent link: https://www.econbiz.de/10005220165
We study information transmission in large interim quasilinear economies using the theory of the core. We concentrate … on the core with respect to equilibrium blocking, a core notion in which information is transmitted endogenously within … coalitions, as blocking can be understood as an equilibrium of a communication mechanism used by players in coalitions. We …
Persistent link: https://www.econbiz.de/10003897856
incomplete information. We discuss exchange economies, cooperative Bayesian games with orthogonal coalitions, and issues of … ; Cooperative Games with Orthogonal Coalitions ; Non-Cooperative Bayesian Games …
Persistent link: https://www.econbiz.de/10009272152
The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains two important streams in the matching literature, those with and those without monetary transfers, as special cases and allows for intermediate cases with some restrictions on...
Persistent link: https://www.econbiz.de/10013029128
This paper defines a measure of bargaining uncertainty that quantifies Roth's concept of strategic risk. It shows how this measure can be used for checking reliability of the Shapley value in cost allocation problems and in the theory of competitive equilibrium. Salient properties of the new...
Persistent link: https://www.econbiz.de/10014087498
, 1472-1495), we then define the notion of the sophisticated stable set and establish an equivalent theorem: like the core …
Persistent link: https://www.econbiz.de/10014055417
In this paper I investigate the nature of the beliefs which agents must hold (at least implicitly) in order to justify their considering various alternatives, in two distinct settings: the Walrasian model without production (with competitive equilibrium), and the sell-all version of the...
Persistent link: https://www.econbiz.de/10014057698
The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains two important streams in the matching literature, those with and those without monetary transfers, as special cases and allows for intermediate cases with some restrictions on...
Persistent link: https://www.econbiz.de/10013021278
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678