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Information and small group effectiveness in large quasilinear economies

Kamishiro, Yusuke; Serrano, Roberto; Wooders, Myrna Holtz - 2015 - This version: October 2015

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

Representation of Non-transferable Utility Games by Coalition Production Economies

Inoue, Tomoki - 2012

economy. The set of Walrasian payoff vectors for our induced coalition production economy coincides with the inner core of the …

Persistent link: https://www.econbiz.de/10013114027

Cooperative Games with Incomplete Information : Some Open Problems

Forges, Francoise - 2011

incomplete information. We discuss exchange economies, cooperative Bayesian games with orthogonal coalitions, and issues of …

Persistent link: https://www.econbiz.de/10013117753

Marshallian Money, Welfare and Side-Payments

Qin, Cheng-Zhong - 2009

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

Implementation Theory with Incomplete Information

Allen, Beth - 2008

This paper surveys implementation theory when players have incomplete or asymmetric information, especially in economic environments. After the basic problem is introduced, the theory of implementation is summarized. Some coalitional considerations for implementation problems are discussed. For...

Persistent link: https://www.econbiz.de/10012770273

Information and Small Group Effectiveness in Large Quasilinear Economies

Kamishiro, Yusuke - 2017

Persistent link: https://www.econbiz.de/10012970435

Cooperative Functions

Cao, Zhigang - 2020

cooperative functions. We use the Walrasian core, a refinement of the core in the space of shadow prices, to study SMGs. Each … Walrasian core element solves an infinite number of related SMGs. We show that a cooperative function is kind in that it always … derives SMGs with nonempty cores if and only if its Walrasian core is nonempty. We find that the Walrasian core is equivalent …

Persistent link: https://www.econbiz.de/10012850205

Equilibrium and Matching Under Price Controls

Herings, P. Jean-Jacques - 2015

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

Atomic Cournotian traders may be Walrasian

Codognato, Giulio; Ghosal, Sayantan; Tonin, Simone - Department of Economics, Adam Smith Business School - 2014

In a bilateral oligopoly, with large traders, represented as atoms, and small traders, represented by an atomless part, when is there a non-empty intersection between the sets of Walras and Cournot-Nash allocations? Using a two commodity version of the Shapley window model, we show that a...

Persistent link: https://www.econbiz.de/10010933111

Replica Core Equivalence Theorem: An Extension of Debreu-Scarf Limit Theorem to Double Infinity Monetary Economies

Urai, Ken; Murakami, Hiromi - Graduate School of Economics, Osaka University - 2014

characterize it as a cooperative game-theoretic solution like a core. In this paper, we obtained a finite replica core …

Persistent link: https://www.econbiz.de/10011278922