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In the marriage problems (two-sided one-to-one matching problems), it is well-known that the weak core, the strong core and the set of stable matchings are all equivalent. This paper generalizes the above observation considering the G-weak core and the G-strong core. These are the core concepts...
Persistent link: https://www.econbiz.de/10014059111
This paper reexamines the paradoxical aspect of the electronic mail game (Rubinstein, 1989). The electronic mail game is a coordination game with payoff uncertainty. At a Bayesian Nash equilibrium of the game, players cannot achieve the desired coordination of actions even when a high order of...
Persistent link: https://www.econbiz.de/10014059114
This paper studies allocation correspondences in the house allocation problems with collective initial endowments. We examine the implications of two axioms, namely quot;consistencyquot; and quot;unanimity.quot; Consistency requires the allocation correspondence be invariant under reductions of...
Persistent link: https://www.econbiz.de/10012733906
This paper studies the incentive compatibility of solutions to generalized indivisible good allocation problems introduced by Sonmez (1999), which contain the well-known marriage problems (Gale and Shapley, 1962) and the housing markets (Shapley and Scarf, 1974) as special cases. In particular,...
Persistent link: https://www.econbiz.de/10012733933