and Yang (2008) always finds a core allocation in finitely many iterations, thus resulting in a Pareto efficient outcome. …

and Yang (2008) always finds a core allocation in finitely many iterations, thus resulting in a Pareto efficient outcome. …

actually ï¬nd a core allocation in ï¬nite steps, resulting in a Pareto efficient outcome. A core allocation consists of an …

system. We demonstrate that the auction of Talman and Yang (2008) always generates a core allocation, thus resulting in a …

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. …

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 …

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 …

We characterize a monotonic core concept defined on the class of veto balanced games. We also discuss what restricted … versions of monotonicity are possible when selecting core allocations. We introduce a family of monotonic core concepts for …

The lack of stability in some matching problems suggests that alternative solution concepts to the core might be … strict preferences. This solution, which always exists, either gives the matchings in the core or predicts some other … matchings when the core is empty. Furthermore, it satisfies an interesting property of outer stability. We also characterize the …