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In this paper, we introduce interdependent preferences to a classical one-to-one matching problem that allows for the prospect of being single, and study the existence and properties of stable matchings. We obtain the relationship between the stable set, the core, and the Pareto set, and give a...
Persistent link: https://www.econbiz.de/10015219339
standard Coasean bargaining game involving three parties is strategically equivalent to an asymmetric three player majority … costs which, when introduced into a frictionless bargaining situation, will cause an empty core to become non-empty. In …, transaction costs can encourage Coasean bargaining. …
Persistent link: https://www.econbiz.de/10015233472
We consider strategic issues in one-to-one matching with externalities. We show that no core (stable) mechanism is strategy-proof, extending an impossibility result of Roth (1982) obtained in the absence of externalities. Moreover, we show that there are no limits on successful manipulation of...
Persistent link: https://www.econbiz.de/10015266066
Managing transboundary river basins is never easy and usually involves conflicts. This paper introduces a special class of games with externalities and issue linkage to promote cooperation on transboundary water resources. The paper analyzes whether issue linkages can be used as a form of...
Persistent link: https://www.econbiz.de/10015231077
In this note we challenge the non-cooperative foundations of cooperative bargaining solutions on the grounds that the …
Persistent link: https://www.econbiz.de/10015218962
Different structures of lignite mines and power stations, which have appeared on the Polish market as a result of its transformation and the privatisation, were discussed. The attention is focused on the fact that the practice is overtaking the theory because there is lack of models of...
Persistent link: https://www.econbiz.de/10015222312
For methods of the profit division in the bilateral monopoly of the mine and the power station sug-gested in the first part of this paper the formulae for lignite price and shares in the joint profit of the mine and the power station are calculated. The proposed profit division contain: the...
Persistent link: https://www.econbiz.de/10015222319
For the hypothetical deposit with parameters similar to KWB “Konin” S.A. conditions; lignite prices and proposed divisions are calculated and results were discussed under the angle of the fairness (equity) of the division and the possibility of their approval by both sides. A sensitivity...
Persistent link: https://www.econbiz.de/10015222340
joint profits of BM should be chosen and in the second one, during bargaining, the split of profit ought to be decided … Nash bargaining solution has been proposed as a tool for equitable split of profit in BM due to its rational conditions …
Persistent link: https://www.econbiz.de/10015222897
Lignite mine and power plant can operate as two separate entities, two entities in one holding or joint venture and as the one vertically integrated energy producer. Each of these solutions has the influence on operation of this tandem including realization of its individual and joint...
Persistent link: https://www.econbiz.de/10015222905