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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/10011279692
' endowments), then the mechanism necessarily implements a sub-correspondence of the core correspondence. If the mechanism also …
Persistent link: https://www.econbiz.de/10014104480
, including theorems guaranteeing that the core is nonempty. Then the basic pure exchange economy is extended to include … asymmetric information. The possibilities for such models to generate cooperative games are examined. Here the core is emphasized …
Persistent link: https://www.econbiz.de/10014214463
It is known that, in one – good pillage games, stable sets are finite. For m goods, it has been conjectured that the stable sets have measure zero. We introduce a class of sets, termed pseudo-indiff erence sets, which includes level sets of utility functions, quasi-indiff erence classes...
Persistent link: https://www.econbiz.de/10014197687
framework of coalitional large economies to tackle the problem of measuring the bargaining power of coalitions when the … theorem, we will obtain two straight generalizations of Schmeidler's and Vind's Theorems on the veto power of coalitions of …
Persistent link: https://www.econbiz.de/10015260571
for coalitions. Thus, we introduce solutions that we refer to as risky core and ambiguous core. We provide existence …
Persistent link: https://www.econbiz.de/10015254534
incomplete information. We discuss exchange economies, cooperative Bayesian games with orthogonal coalitions, and issues of …
Persistent link: https://www.econbiz.de/10013117753
parameters specifying the interpersonal comparisons in the side-payment game. We study this game for the properties of the delta-core …
Persistent link: https://www.econbiz.de/10013156020
In large quasilinear economies, we provide sufficient conditions to establish the nonemptiness of several versions of approximate interim cores with endogenous communication. This is done by proving nonemptiness of approximate ex post cores satisfying incentive compatibility. When the number of...
Persistent link: https://www.econbiz.de/10011405139
Persistent link: https://www.econbiz.de/10011857638