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the model (i.e., for marriage markets, one-to-one matching, or discretized assignment problems), the existence of blocking …
Persistent link: https://www.econbiz.de/10010222185
We study core convergence in interim quasilinear economies with asymmetric information, concentrating on core notions …. Specifically, we shall focus on the credible core and randomized mediated core concepts. We consider independent replicas of the … individuals who belong to the same copy. We provide an example in which core convergence does not obtain for the Dutta …
Persistent link: https://www.econbiz.de/10014047845
We study core convergence in interim quasilinear economies with asymmetric information, concentrating on core notions …. Specifically, we shall focus on the credible core and randomized mediated core concepts. We consider independent replicas of the … individuals who belong to the same copy. We provide an example in which core convergence does not obtain for the Dutta …
Persistent link: https://www.econbiz.de/10003728413
a contractual approach and based on the notion of fuzzy contractual allocation, see Marakulin (2011, 2013). Core … core converts into a classical one when the market turns complete. Under perfect competition conditions, core allocations … are GEI-equilibria. These properties prove the validity of the suggested core …
Persistent link: https://www.econbiz.de/10012842642
majority rule. But for general decision procedures, the core is generically non-unique. We make a selection from the core by …
Persistent link: https://www.econbiz.de/10014111511
The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains two important streams in the matching literature, those with and those without monetary transfers, as special cases and allows for intermediate cases with some restrictions on...
Persistent link: https://www.econbiz.de/10011279692
This paper explores situations where tenants in public houses, in a specific neighborhood, are given the legislated right to buy the houses they live in or can choose to remain in their houses and pay the regulated rent. This type of legislation has been passed in many European countries in the...
Persistent link: https://www.econbiz.de/10011332808
equivalence among QCCE outcomes, stable outcomes, and core outcomes. We also analyze the existence of QCCEs with uniform prices …
Persistent link: https://www.econbiz.de/10012872151
We introduce the notion of expectational equilibrium in a very general specification of the many-to-one matching with contracts model. The endogenous variables in an expectational equilibrium are expectations about tradable contracts. Expectational equilibrium outcomes are equivalent to stable...
Persistent link: https://www.econbiz.de/10014095483
Persistent link: https://www.econbiz.de/10014066765