Showing 61 - 70 of 8,905
of all Walrasian equilibrium allocations, the core, and the anonymous core of Hara (2002) are all empty. We also give an … equivalence theorem for the anonymous core when the preference relations may not be monotone. …
Persistent link: https://www.econbiz.de/10005570208
We consider information transmission in the core of an exchange economy with incomplete information by non … informational core. A coalition has an informational objection to the status-quo allocation if and only if there exists an … an allocation in the informational core. …
Persistent link: https://www.econbiz.de/10004992471
neither arbitrarily small coalitions nor large coalitions are enough to block an allocation which is not in the core, due to … the core provided by Vind and Schmeidler (1972) to economies with asymmetrically informed traders. We then focus on … information sharing rules based on the coalitions' size. Assuming the existence of coalitions to which the sharing rule associates …
Persistent link: https://www.econbiz.de/10009004814
We define a bargaining set for finite economies using Aubin’s veto mechanism and show its coincidence with the set of Walrasian allocations. Then, we rewrite our notion in terms of replicated economies showing that, in contrast with Anderson, Trockel and Zhou’s (1997) non-convergence result,...
Persistent link: https://www.econbiz.de/10011183541
is not necessary to consider the forma- tion of all coalitions in order to obtain the bargaining sets. This is shown …
Persistent link: https://www.econbiz.de/10011107345
timing of the coalitions of firms yield very di¤erent results on the set of allocations which are core-stable. We then … introduce the concept of core in games with externalities. We show that different assumptions on the behaviour as well as on the …
Persistent link: https://www.econbiz.de/10009395805
An evolutionary style model of recontracting is given which guarantees convergence to core allocations of an underlying …
Persistent link: https://www.econbiz.de/10010582585
This paper presents some recent developments in the theory of coalition and network formation. For this purpose, a few major equilibrium concepts recently introduced to model the formation of coalition structures and networks among players are brie?y reviewed and discussed. Some economic...
Persistent link: https://www.econbiz.de/10005230783
This paper presents synthetically some recent developments in the theory of coalition and network formation. For this purpose, some major equilibrium concepts recently introduced to model the formation of coalition structures and networks among players are briefly reviewed and discussed. A few...
Persistent link: https://www.econbiz.de/10005435909
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/10011307296