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We study the least core, the kernel and bargaining sets of coalitional games with a countable set of players. We show that the least core of a continuous superadditive game with a countable set of players is a non-empty (norm-compact) subset of the space of all countably additive measures. Then...
Persistent link: https://www.econbiz.de/10005596677
This paper discusses revenue inequalities, utility equivalence, and a model of competition in auction design in symmetric equilibrium of k-price auctions, <InlineEquation ID="Equ1"> <EquationSource Format="TEX">$k\ge 1$</EquationSource> </InlineEquation>, all in the setup of symmetric independent-private-value auctions. Our recommendation to organizers of auctions is to conduct...</equationsource></inlineequation>
Persistent link: https://www.econbiz.de/10005155439
This paper introduces a novel approach to integrals with respect to capacities. Any random variable is decomposed as a combination of indicators. A prespecified set of collections of events indicates which decompositions are allowed and which are not. Each allowable decomposition has a value...
Persistent link: https://www.econbiz.de/10010793940
Persistent link: https://www.econbiz.de/10005596767
Persistent link: https://www.econbiz.de/10005155360