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a necessary and sufficient condition that guarantees the stability of a Nash equilibrium and the strategy-proofness of …
Persistent link: https://www.econbiz.de/10009291576
We consider the problem where agents bargain over their shares of a perfectly divisible commodity. The aim of this paper is to identify the class of bargaining solutions induced by dominant strategy implementable allocation rules. To this end, we characterize the class of dominant strategy...
Persistent link: https://www.econbiz.de/10014041039
equilibrium due to Anesi and Seidmann, 2015. We then use this existence result to show that if a weak gradient restriction holds … independence condition holds at almost all alternatives, and equilibrium absorbing sets are dense in the set of alternatives. This …
Persistent link: https://www.econbiz.de/10011856695
and strong Nash equilibrium the set of true envy-free allocations. …
Persistent link: https://www.econbiz.de/10011517013
The absence of simultaneous cycles is a sufficient condition for the existence of singleton cores. Acyclicity in the preferences of either side of the market is a minimal condition that guarantees the existence of singleton cores
Persistent link: https://www.econbiz.de/10014178500
a necessary and sufficient condition that guarantees the stability of a Nash equilibrium and the strategy-proofness of …
Persistent link: https://www.econbiz.de/10014225211
cannot be implemented in Nash equilibrium. We find this results misleading and discuss how implementability of the Nash …
Persistent link: https://www.econbiz.de/10014070154
are two-fold. Firstly, we investigate how a Nash equilibrium among agents who have moral scruples may ensure that the …
Persistent link: https://www.econbiz.de/10012141081
The concept of coalition proof Nash equilibrium was introduced by Bernheim, Peleg, and Whinston [1987]. In the present … paper, we consider the representation problem for coalition proof Nash equilibrium: For a given effectivity function … proof Nash equilibrium. It is shown that the effectivity functions which can be represented in coalition proof Nash …
Persistent link: https://www.econbiz.de/10005749558
[Moore and Repullo, Econometrica 58 (1990) 1083-1099] and [Dutta and Sen, Rev. Econom. Stud. 58 (1991) 121-128] are two fundamental papers on two-agent Nash implementation. Both of them are based on Maskin's classic paper [Maskin, Rev. Econom. Stud. 66 (1999) 23-38]. A recent work [Wu, Inter. J....
Persistent link: https://www.econbiz.de/10014182517