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, these results state already that the set of Harsanyi payoff vectors is given by the core of an associated convex game, a …
Persistent link: https://www.econbiz.de/10011327842
are currently employed/unemployed. We show that such a process is absorbed into the core with probability one in finite … time. Moreover, within the core, allocations are selected that are characterized by surplus splitting according to a …
Persistent link: https://www.econbiz.de/10011453256
-firm-buyer games have non-empty core. We show that for these games the core coincides with the classical bargaining set (Davis and …
Persistent link: https://www.econbiz.de/10012011071
nonnegative), and there is some hierarchical ordering of the players. In this paper we introduce the Restricted Core for such … players. For totally positive games this solution is always contained in the Core, and contains the well-known Shapley value … special orderings it equals the Core, respectively Shapley value. We provide an axiomatization and apply this solution to …
Persistent link: https://www.econbiz.de/10014046563
This chapter surveys a sizable and growing literature on coalition formation. We refer to theories in which one or more groups of agents (“coalitions”) deliberately get together to jointly determine within-group actions, while interacting noncooperatively across groups. The chapter describes...
Persistent link: https://www.econbiz.de/10014025454
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
This paper studies the core of combined games, obtained by summing two coalitional games. It is shown that the set of … core of the combined game coincides with the sum of the cores of its components. On the other hand, for non-balanced games …, the binary relation associating two component games whose combination has an empty core is not transitive. However, we …
Persistent link: https://www.econbiz.de/10003897554
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 … results on non-cooperative foundations of cooperative games. -- Inner Core ; Asymmetric Nash Bargaining Solution ; Competitive …
Persistent link: https://www.econbiz.de/10009268595
We develop a model of assignment games with pairwise-identitydependent externalities. A concept of conjectural equilibrium is proposed, and the universal conjecture is shown to be the necessary and sufficient condition for the general existence of equilibrium. We then apply the solution concept...
Persistent link: https://www.econbiz.de/10010191642
Pairing Games or Markets studied here are the non-two-sided NTU generalization of assignment games. We show that the Equilibrium Set is nonempty, that it is the set of stable allocations or the set of semistable allocations, and that it has several notable structural properties. We also...
Persistent link: https://www.econbiz.de/10010350435