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We consider the inner core as a solution concept for cooperative games with non- transferable utility (NTU) and its … subsets of the inner core for NTU market games and competitive payoff vectors of markets linked to the NTU market game. This … large class of closed subsets of the inner core: Given an NTU market game we construct a market depending on a given closed …
Persistent link: https://www.econbiz.de/10010319985
We investigate the relationship between the inner core and asymmetric Nash bargaining solutions for n-person bargaining … positive vectors of weights coincides with the inner core if all points in the underlying bargaining set are strictly positive …
Persistent link: https://www.econbiz.de/10010319987
core coincides with the set of cost-minimized Walras allocations. Because of the indivisibility, the preference …
Persistent link: https://www.econbiz.de/10010272567
. We prove that the strong core coincides with the set of cost-minimized Walras allocations which satisfy both the …
Persistent link: https://www.econbiz.de/10010272569
. Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely … agents, the core coincides with the set of Walras allocations. We show that this equivalence holds only in an atomless … economy by giving two examples of the sequence of replica economies such that in any replica economy, there exists a core …
Persistent link: https://www.econbiz.de/10010272603
: (i) only eight configurations are possible for the core, which contains at most six allocations; (ii) for each core …
Persistent link: https://www.econbiz.de/10012388911
The seminal contribution of Debreu-Scarf (1963) connects the two concepts of core and competitive equilibrium in … exchange economies. In effect, their core-equilibrium equivalence result states that, when the set of economic agents is … replicated, the set of core allocations of the replica economy shrinks to the set of competitive allocations. Florenzano (1989 …
Persistent link: https://www.econbiz.de/10010284192
over consumption goods, competitive equilibrium allocations exist and belong to the (ex ante incentive) core. Furthermore …, any competitive equilibrium allocation can be viewed as an element of the core of the n-fold replicated economy, for every …
Persistent link: https://www.econbiz.de/10005371093
' private information, and the incentive compatible core, in which coalitions of agents are restricted to incentive compatible …. Two core concepts are investigated: the private core, in which agents' net trades are measurable with respect to agents …
Persistent link: https://www.econbiz.de/10005371166
We prove the non-emptiness of the core of an NTU game satisfying a condition of payoff-dependent balancedness, based on … transfer rate mappings. We also define a new equilibrium condition on transfer rates and we prove the existence of core payoff … vectors satisfying this condition. The additional requirement of transfer rate equilibrium refines the core concept and allows …
Persistent link: https://www.econbiz.de/10010905386