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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/10010765392
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/10010781612
actually ï¬nd a core allocation in ï¬nite steps, resulting in a Pareto efficient outcome. A core allocation consists of an …
Persistent link: https://www.econbiz.de/10010618321
system. We demonstrate that the auction of Talman and Yang (2008) always generates a core allocation, thus resulting in a …
Persistent link: https://www.econbiz.de/10011263423
We provide a short proof for the following characterization of the core in housing markets first proved by Ma (1994 …): the core is the only rule that satisfies strategy-proofness, Pareto efficiency and individual rationality. …
Persistent link: https://www.econbiz.de/10011189557
We study desirability axioms imposed on allocations in indivisible object allocation problems. The existing axioms in the literature are various conditions of robustness to blocking coalitions with respect to agentsʼ ex ante (individual rationality and group rationality) and ex post (Pareto...
Persistent link: https://www.econbiz.de/10011049674
assumption that an individual consumes at most one object. In this environment we analyze the core of the economy and … implicitly defined by a strategy-proof and Pareto efficient mechanism and show a core property for the mechanism …
Persistent link: https://www.econbiz.de/10005645140
assumption that an individual consumes at most one object. In this environment we analyze the core of the economy and … implicitly defined by a strategy-proof and Pareto efficient mechanism and show a core property for the mechanism …
Persistent link: https://www.econbiz.de/10005596554
The study is aimed to investigate the convergence to equilibrium of trajectories generated by contractual processes. “Contractual process” is a view on economy’s self-regulation, describing any state of exchange economy as a set of barter contracts among agents/coalitions. It is assumed...
Persistent link: https://www.econbiz.de/10005519002
There have been two main lines in the literature on restricted games: the first line was started by Myerson (1977) that studied graph-restricted games an the second one was initiated by Faigle (1989). The present paper provides a unified way to look on the literature and establishes connections...
Persistent link: https://www.econbiz.de/10005542817