Showing 1 - 10 of 134
We consider the problem of adjudicating conflicting claims in the context of a variable population. A property of rules is "lifted" if whenever a rule satisfies it in the two-claimant case, and the rule is bilaterally consistent, it satisfies it for any number of claimants. We identify a number...
Persistent link: https://www.econbiz.de/10005503960
We consider the problem of adjudicating conflicting claims in the context of a variable population. A property of rules is "lifted" if whenever a rule satisfies it in the two-claimant case, and the rule is bilaterally consistent, it satisfies it for any number of claimants. We identify a number...
Persistent link: https://www.econbiz.de/10005521047
We investigate the existence of consistent rules for the resolution of conflicting claims that generalize the Talmud rule but do not necessarily satisfy equal treatment of equal. The first approach we follow starts from the description of the Talmud rule in the two-claimant case as...
Persistent link: https://www.econbiz.de/10005178700
The Dutta-Ray solution and the Shapley value are two well-known examples of population-monotonic solutions on the domain of convex games. We provide a new formula for the Dutta-Ray solution from which population-monotonicity immediately follows. Then we define a new family of...
Persistent link: https://www.econbiz.de/10005375637
Persistent link: https://www.econbiz.de/10005413452
On the domain of convex games, many desirable properties of solutions are compatible and there are many single-valued solutions that are intuitively appealing. We establish some interesting logical relations among properties of single-valued solutions. In particular, we introduce a new property,...
Persistent link: https://www.econbiz.de/10010845479
It is well known that on the domain of convex games, the Dutta-Ray solution satisfies many desirable properties such as population-monotonicity, max consistency, converse max consistency, and conditional self-consistency. In this paper, we define a family of possibly non-symmetric and...
Persistent link: https://www.econbiz.de/10005596449
We show that the nucleolus is not aggregate-monotonic on the domain of convex games, and that this lack of monotonicity holds even if there are as few as four agents.
Persistent link: https://www.econbiz.de/10005155708
The co-author model is introduced by Jackson and Wolinsky (1996, Journal of Economic Theory) as a typical example of the models of network formation. In this note, we study which network is pairwise stable and/or stochastically stable when the number of players is four.
Persistent link: https://www.econbiz.de/10005181906
Goyal and Joshi (2006, Int Econ Review) apply the notion of ``pairwise stable networks" introduced by Jackson and Wolinsky (1996, J Econ Theory) to a model of free trade network formation, and show that (i) every pairwise stable network is either complete or almost complete (with all countries...
Persistent link: https://www.econbiz.de/10008625866