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of view of stability. After recalling the two competing concepts of stability in use in the IEA literature, new insights …. Free riding is also evaluated in relation with the alternative forms of stability under scrutiny. Finally, it is asked … efficiency and stability. A skeptical answer is offered, as a reply to Barrett's (2003) attempt at giving the notion a specific …
Persistent link: https://www.econbiz.de/10010312597
Persistent link: https://www.econbiz.de/10009720752
In this paper, we establish sufficient conditions on the domain of preferences and agents' behavior in order to characterize the existence of stable assignments in many-to-one matching problems with externalities. The set of stable matchings depends on what agents believe other agents will do if...
Persistent link: https://www.econbiz.de/10012195202
This discussion paper led to the article with the same title in 'Social Choice and Welfare' (2014), 43, 173-194.<P> We consider the problem of sharing water among agents located along a river. Each agent has quasi-linear preferences over river water and money, where the benefit of consuming an...</p>
Persistent link: https://www.econbiz.de/10011255637
of view of stability. After recalling the two competing concepts of stability in use in the IEA literature, new insights …. Free riding is also evaluated in relation with the alternative forms of stability under scrutiny. Finally, it is asked … efficiency and stability. A skeptical answer is offered, as a reply to Barrett’s (2003) attempt at giving the notion a specific …
Persistent link: https://www.econbiz.de/10005385392
Generally, two facts occur with strategic complementarities and fixed prices: i) the equilibria are multiple, and ii) if the complementarities are strong, the law of demand is violated and the equilibrium is unstable. In this paper, we analyse the effect of price flexibility on these features as...
Persistent link: https://www.econbiz.de/10005328436
regarding the others' reaction following a deviation. The relationship of stability and optimality is also discussed, as is the …
Persistent link: https://www.econbiz.de/10010734770
equilibria for any degree of discretization, which necessitates a stability analysis of equilibria. We present a general … framework for characterizations of equilibria and their stability under a broad class of evolutionary dynamics by using the …
Persistent link: https://www.econbiz.de/10011118534
Since the seminal work of Henderson (1981), a number of studies examined the effect of staggered work hours by analyzing models of work start time choice that consider the trade-off between negative congestion externalities and positive production externalities. However, these studies described...
Persistent link: https://www.econbiz.de/10011112352
(1962). It turns out that the stability properties of the model change if one takes a more realistic 'incrementalist' view …
Persistent link: https://www.econbiz.de/10011531003