Showing 361 - 362 of 362
In most economic applications, externalities prevail: the worth of a coalition depends on how the other players are organized. We show that there is a unique natural way of extending the prenucleolus to games with coalitional externalities. This is in contrast to the Shapley value and the core...
Persistent link: https://www.econbiz.de/10013292280
We consider decentralized one-to-one matching markets with myopic and farsighted agents. We study myopic-farsighted stable sets that are internally and externally stable when myopic agents only care about their immediate payoffs, while farsighted agents take into account further possible...
Persistent link: https://www.econbiz.de/10014261524