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We consider an economy with two agents, "firm" and "worker." The firm owns a technology which transforms a single input into a single output and the worker owns a limited amount of input good, for example, leisure. The firm is interested in profit measured in terms of output and the worker's...
Persistent link: https://www.econbiz.de/10005596439
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We deal with the implementation problem where agents in some groups can cooperate (or form coalitions) and in some others cannot. We consider a situation where the planner does not know whether agents in a group can cooperate or not. We provide a necessary and sufficient condition for a...
Persistent link: https://www.econbiz.de/10005752955
In a marriage problem, we introduce a condition called "exclusive matchability (EM)": the condition mainly says that each pair of a man and a woman can choose to be a matching pair regardless of others' actions. This condition is essential to strong Nash implementation of the stable rule. We...
Persistent link: https://www.econbiz.de/10005147210