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' preferences are strict and can be represented by additively separable utility functions. The core may be empty. The strict core … no Pareto efficient, individually rational, and strategy-proof social choice rule. We also show that the core may be …
Persistent link: https://www.econbiz.de/10005074065
it replaced. In this paper, we introduce a new framework for investigating school-choice matching problems and two ex …-to-many two-sided and one-sided matching models. We first show that the new NYC/Boston mechanism fails to satisfy these fairness …
Persistent link: https://www.econbiz.de/10008507993
We introduce a new matching model to mimic two-sided exchange programs such as tuition and worker exchange, in which …
Persistent link: https://www.econbiz.de/10011196702
The class of neighbour games is the intersection of the class of assignment games (cf. Shapley and Shubik (1972)) and the class of component additive games (cf. Curiel et al. (1994)). For assignment games and component additive games there exist polynomially bounded algorithms of order p4 for...
Persistent link: https://www.econbiz.de/10011090443
Neighbour games arise from certain matching or sequencing situations in which only some specific pairs of players can …
Persistent link: https://www.econbiz.de/10011090670
In this note we provide a characterization of a subclass of bargaining problems for which the Nash solution has the property of disagreement point monotonicity.While the original d-monotonicity axiom and its stronger notion, strong d-monotonicity, were introduced and discussed by Thomson [15],...
Persistent link: https://www.econbiz.de/10011091189
A new bargaining set based on notions of both internal and external stability is developed in the context of endogenous coalition formation.It allows to make an explicit distinction between within-group and outsidegroup deviation options.This type of distinction is not present in current...
Persistent link: https://www.econbiz.de/10011091220
This paper studies an extensive form game of coalition formation with random proposers in a situation where coalitions impose externalities on other players. It is shown that an agreement will be reached without delay provided that any set of coalitions profit from merging. Even under this...
Persistent link: https://www.econbiz.de/10011091237
In this note we derive the sensitivity matrix of the Nash bargaining solution w.r.t. the disagreement point d.This first order derivative is completely specified in terms of the Pareto frontier function.We show that whenever one player increases his threatpoint always at least one player will...
Persistent link: https://www.econbiz.de/10011091249
This paper studies noncooperative bargaining with random proposers in proper single games. A power index is called consistent if it can be obtained as an equilibrium of the game with random proposers using the index itself as probability vector. Unlike the Shapley-Shubik and Banzhaf indices, the...
Persistent link: https://www.econbiz.de/10011091801