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Persistent link: https://www.econbiz.de/10011342973
: (i) only eight configurations are possible for the core, which contains at most six allocations; (ii) for each core …
Persistent link: https://www.econbiz.de/10012131700
refinement of Myerson's core for which information disseminates across coalitions within a given random blocking mechanism. Under …We study core convergence in interim quasilinear economies with asymmetric information, concentrating on core notions … in which information is transmitted endogenously within coalitions and the incentive constraints are relevant …
Persistent link: https://www.econbiz.de/10014047845
We consider the inner core as a solution concept for cooperative games with non-transferable utility (NTU) and its … subsets of the inner core for NTU market games and competitive payoff vectors of markets linked to the NTU market game. This … large class of closed subsets of the inner core: Given an NTU market game we construct a market depending on a given closed …
Persistent link: https://www.econbiz.de/10013108817
We investigate the relationship between certain subsets of the core for TU market games and competitive payoff vectors … and Shubik (1975). They remark already that their result can be extended to any closed convex subset of the core, but they …
Persistent link: https://www.econbiz.de/10013108822
We investigate the relationship between the inner core and asymmetric Nash bargaining solutions for n-person bargaining … positive vectors of weights coincides with the inner core if all points in the underlying bargaining set are strictly positive …
Persistent link: https://www.econbiz.de/10013108823
core coincides with the set of expenditure-minimizing Walrasian allocations. Because of the indivisibility, the preference …
Persistent link: https://www.econbiz.de/10013060084
, the set of Walrasian payoff vectors of the induced coalition production economy coincides with the core of the balanced … restricted concept of a Walrasian equilibrium enables us to discuss which coalitions are formed in an equilibrium. If the …-jobbing. -- Coalition production economy ; transferable utility game ; core ; Walrasian equilibrium ; Walrasian equilibrium without double …
Persistent link: https://www.econbiz.de/10003964864
. Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely … agents, the core coincides with the set of Walras allocations. We show that this equivalence holds only in an atomless … economy by giving two examples of the sequence of replica economies such that in any replica economy, there exists a core …
Persistent link: https://www.econbiz.de/10003921358
core coincides with the set of cost-minimized Walras allocations. Because of the indivisibility, the preference …, all agents satisfy both the preference maximization and the cost minimization. -- Indivisible commodities ; Strong core … ; Cost-minimized Walras equilibrium ; Core equivalence …
Persistent link: https://www.econbiz.de/10003921399