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We develop a model of assignment games with pairwise-identitydependent externalities. A concept of conjectural …
Persistent link: https://www.econbiz.de/10010191642
We study assignment problems with externalities where agents have expectations about the reactions of other agents to …
Persistent link: https://www.econbiz.de/10014358116
characterize the existence of stable assignments in many-to-one matching problems with externalities. The set of stable matchings …
Persistent link: https://www.econbiz.de/10012195202
We consider strategic issues in one-to-one matching with externalities. We show that no core (stable) mechanism is … strategy-proof, extending an impossibility result of Roth (1982) obtained in the absence of externalities. Moreover, we show … result of Demange et al. (1987) obtained in the absence of externalities …
Persistent link: https://www.econbiz.de/10012845795
We study coalition formation problems with general externalities. We prove that if expectations are not prudent a …
Persistent link: https://www.econbiz.de/10014256282
continue to negotiate as long as there are gains from trade, and coalitions may create positive or negative externalities. The …
Persistent link: https://www.econbiz.de/10014035050
where contracts may impose externalities on other agents. The paper derives several properties of the Markov perfect …
Persistent link: https://www.econbiz.de/10014029064
In the present work, agreement on allocation of payments from multiple issues requires unanimous consent of all parties involved. The agents are assumed to know the aggregate payoffs but do not know their decomposition by issues. This framework applies to many real-world problems, such as the...
Persistent link: https://www.econbiz.de/10011671885
In this paper we consider the problem of the control of access to a firm's productive asset, embedding the relevant decisionmakers into a general structure of formal authority relations. Within such an authority structure, each decision maker acts as a principal to some decision makers, while...
Persistent link: https://www.econbiz.de/10011334333
This paper studies an extensive form game of coalition formation with random proposers in games with externalities. It … the absence of externalities, and symmetric players are not necessarily treated symmetrically in equilibrium. If the grand …
Persistent link: https://www.econbiz.de/10012650908