Showing 1 - 10 of 1,568
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
coalition forms without delay in equilibrium, expected payoffs must be in the core of the characteristic function game that …
Persistent link: https://www.econbiz.de/10012650908
We provide a new proof of the non-emptiness of approximate cores of games with many players of a finite number of types. Earlier papers in the literature proceed by showing that, for games with many players, equal-treatment cores of their "balanced cover games", which are non-empty, can be...
Persistent link: https://www.econbiz.de/10010472889
-- imputations belonging to the core -- is, while almost as well known, an overly complex, NP-hard problem, even for modern … supercomputers. The issue becomes uncertain because, among other issues, it is unknown whether the core is non-empty. In the proposed … cooperative game, under the name of singles, the presence of non-empty collections of outcomes (payoffs) similar to the core (say …
Persistent link: https://www.econbiz.de/10013310656
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
Persistent link: https://www.econbiz.de/10001927948
(weak) core, unlike in many-to-one matching markets (Blair, 1988). In this paper, we seek a theoretical foundation for …It is known that in two-sided many-to-many matching markets, pair-wise stability is not logically related with the …-partner matching problem that includes two-sided matching problems as special cases. Under the same preference restriction, we also …
Persistent link: https://www.econbiz.de/10011593632
We study von Neumann Morgenstern stable sets for one-to-one matching problems under the assumption of coalitional … matchings that belong to the core. We also show that the pairwise and coalitional analogues of the level-1 farsighted set yield … the core as the unique prediction …
Persistent link: https://www.econbiz.de/10012989559
This chapter surveys recent models of coalition and network formation in a unified framework. Comparisons are drawn among various procedures of network and coalition formation, involving simultaneous and sequential moves. The survey also covers models of group and network formation by farsighted...
Persistent link: https://www.econbiz.de/10014025687
A new bargaining set based on notions of both internal and external stability is developed in the context of endogenous coalition formation. It allows to make an explicit distinction between within-group and outside-group deviation options. This type of distinction is not present in current...
Persistent link: https://www.econbiz.de/10012733871