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Cake cutting is a common metaphor for the division of a heterogeneous divisible good. There are numerous papers that study the problem of fairly dividing a cake; a small number of them also take into account self-interested agents and consequent strategic issues, but these papers focus on...
Persistent link: https://www.econbiz.de/10010603337
characterized by a minmax problem involving efficient equilibrium payoffs that are above the bargaining frontier, which is possible …
Persistent link: https://www.econbiz.de/10011049845
A simple two stage bilateral bargaining game is analyzed. The players simultaneously demand shares of a unit size pie …. Higher cost functions are shown to improve bargaining power. The limit equilibrium prediction of the model, as the cost … Bargaining Solution of Kalai (1977). …
Persistent link: https://www.econbiz.de/10011049846
bargaining game in which negotiators can make strategic commitments to durable offers. Commitments decay stochastically, but …
Persistent link: https://www.econbiz.de/10010931181
We analyze a dynamic market for lemons in which the quality of the good is endogenously determined by the seller. Potential buyers sequentially submit offers to one seller. The seller can make an investment that determines the quality of the item at the beginning of the game, which is...
Persistent link: https://www.econbiz.de/10010753433
We study whether allowing players to sign binding contracts governing future play leads to reputation effects in repeated games with long-run players. We proceed by extending the analysis of Abreu and Pearce (2007) by allowing for the possibility that different behavioral types may not be...
Persistent link: https://www.econbiz.de/10010573642
I study a bilateral bargaining game in which the size of the surplus follows a stochastic process and in which players … might be optimistic about their bargaining power. Following Yildiz (2003), I model optimism by assuming that players have …
Persistent link: https://www.econbiz.de/10010603332
When men and women are objectively ranked in a marriage problem, say by beauty, then pairing individuals of equal rank is the only stable matching. We generalize this observation by providing bounds on the size of the rank gap between mates in a stable matching in terms of the size of the...
Persistent link: https://www.econbiz.de/10011117123
We consider a pairwise kidney exchange model. Roth et al. (2005) define priority matchings of the model and introduce a mechanism to derive them. In this paper, we re-examine the priority matching. First, we consider a general priority ordering where multiple patients may hold equal priority. We...
Persistent link: https://www.econbiz.de/10011117129
This paper considers a simple equilibrium model of an imperfectly competitive two-sided matching market. Firms and workers may have heterogeneous preferences over matches on the other side, and the model allows for both uniform and personalized wages or contracts. To make the model tractable, I...
Persistent link: https://www.econbiz.de/10010738054