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An experiment on the core
Yan, Huibin; Friedman, Daniel - 2008
. The core predicts a unique and extreme outcome: the entire surplus is split evenly among the buyers when m > n and among … the sellers when m < n; the long side gets nothing. We test this core conjecture in the lab with n + m = 3 or 5 randomly … agreements while trading. Despite frequent attempts to collude and occasional large deviations from the core prediction, we find …
Persistent link: https://www.econbiz.de/10010288168
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Cooperative games: Core and shapley value
Serrano, Roberto - 2007
the discipline. After the presentation of some basic definitions, the focus will be on the core and the Shapley value, two …
Persistent link: https://www.econbiz.de/10010318970
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Sequential School Choice with Public and Private Schools
Andersson, Tommy; Dur, Umut; Ertemel, Sinan; Kesten, Onur - 2018
Motivated by school admission systems used in, e.g., Turkey and Sweden, this paper investigates a sequential two-stage admission system with public and private schools. To perform the analysis, relevant axioms and equilibrium notions need to be tailored for the considered dynamic setting. In...
Persistent link: https://www.econbiz.de/10013208839
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How to Efficiently Allocate Houses under Price Controls?
Andersson, Tommy; Yang, Zaifu; Zhang, Dongmo - 2014
and Yang (2008) always finds a core allocation in finitely many iterations, thus resulting in a Pareto efficient outcome. …
Persistent link: https://www.econbiz.de/10013208692
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A comparison of the average prekernel and the prekernel
Serrano, Roberto; Shimomura, Ken-ichi - 2001
We propose positive and normative foundations for the average prekernel of NTU games, and compare them with the existing ones for the prekernel. In our non-cooperative analysis, the average prekernel is understood as the equilibrium payoffs of a game where each player faces the possibility of...
Persistent link: https://www.econbiz.de/10010318958
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An index of unfairness
Aguiar, Victor H.; Pongou, Roland; Serrano, Roberto; … - 2018
Aguiar et al. (2018) propose the Shapley distance as a measure of the extent to which output sharing among the stakeholders of an organization can be considered unfair. It measures the distance between an arbitrary pay profile and the Shapley pay profile under a given technology, the latter...
Persistent link: https://www.econbiz.de/10012058639
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Assignment Games with Externalities
Gudmundsson, Jens; Habis, Helga - 2013
regarding the others' reaction following a deviation. The relationship of stability and optimality is also discussed, as is the …
Persistent link: https://www.econbiz.de/10013208655
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Coalition formation
Ray, Debraj; Vohra, Rajiv - 2013
models of bargaining, to cooperative game-theoretic notions of the core, or notions of coalition-proofness in noncooperative …
Persistent link: https://www.econbiz.de/10010420285
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On the nonemptiness of approximate cores of large games
Allouch, Nizar; Wooders, Myrna - 2014
We provide a new proof of the non-emptiness of approximate cores of games with many players of a finite number of types. Earlier papers in the literature proceed by showing that, for games with many players, equal-treatment cores of their "balanced cover games", which are non-empty, can be...
Persistent link: https://www.econbiz.de/10011380988
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Endogenously Proportional Bargaining Solutions
Saglam, Ismail - 2012
This paper introduces a class of endogenously proportional bargaining solutions. These solutions are independent of the class of Directional solutions, which Chun and Thomson (1990a) proposed to generalize (exogenously) proportional solutions of Kalai (1977). Endogenously proportional solutions...
Persistent link: https://www.econbiz.de/10010500229