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Persistent link: https://www.econbiz.de/10001927948
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show the equivalence between the set of pairwise stable matchings and the set of matchings generated by coalition …
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distribution of coalitional gains and the dynamics of coalition formation are characterized in four illustrative applications. …
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In discrete exchange economies with possibly redundant and joint ownership, we propose new core notions in the conventional flavor by regarding endowments as rights to consume or trade with others. Our key idea is to identify self-enforcing coalitions and to redistribute their redundant property...
Persistent link: https://www.econbiz.de/10012839675
We study hedonic games with heterogeneous player types that reflect her nationality, ethnic background, or skill type. Agents' preferences are dictated by status-seeking where status can be either local or global. The two dimensions of status define the two components of a generalized constant...
Persistent link: https://www.econbiz.de/10014189207
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We first show through a counter-example that the existence result of Maskin: Bargaining, coalitions and externalities, Presidential address of the Econometric Society, 2003] does not extend beyond three players.Intuitively, the bargaining may not be able to continue because there may be no...
Persistent link: https://www.econbiz.de/10014176923
We adopt the largest consistent set defined by Chwe [J. of Econ. Theory 63 (1994), 299-235] to predict which coalition …, based on the assumption that players are cautious. For games with positive spillovers, many coalition structures may belong … to the largest consistent set. The grand coalition, which is the efficient coalition structure, always belongs to the …
Persistent link: https://www.econbiz.de/10014076140
increasing as a coalition adds to its members. The new feature in the mechanism is that the proposer has a choice to implement …
Persistent link: https://www.econbiz.de/10012963352