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The proposed game is a natural extension of the Shapley and Shubik Assignment Game to the case where each seller owns a set of different objets instead of only one indivisible object. We propose definitions of pairwise stability and group stability that are adapted to our framework. Existence of...
Persistent link: https://www.econbiz.de/10005823865
We consider the general many-to-one matching model with ordinal preferences and give a procedure to partition the set … of preference profiles into subsets with the property that all preference profiles in the same subset have the same Core … generate as strict extensions all the (complete) preference profiles with the same Core. This is important for applications …
Persistent link: https://www.econbiz.de/10008498408
exists and is unique. It belongs to the bargaining set and to the core whenever the latter is not empty. In fact, when the …
Persistent link: https://www.econbiz.de/10008727784
order is specified. We associate cooperative games with these sequencing situations, study their core, and provide links …
Persistent link: https://www.econbiz.de/10005582602
I consider the problem of assigning agents to objects where each agent must pay the price of the object he gets and prices must sum to a given number. The objective is to select an assignment-price pair that is envy-free with respect to the true preferences. I prove that the proposed mechanism...
Persistent link: https://www.econbiz.de/10005582632
We prove the non-emptiness of the core of an NTU game satisfying a condition of payoff-dependent balancedness, based on … transfer rate mappings. We also define a new equilibrium condition on transfer rates and we prove the existence of core payoff … vectors satisfying this condition. The additional requirement of transfer rate equilibrium refines the core concept and allows …
Persistent link: https://www.econbiz.de/10005168434
-wise stability and Core. We first establish that the Set-wise stable set is contained in the Core and it contains the non-empty set … competitive equilibrium payoffs. Third, for any number of replicas there is a market with a Core payoff that is not a competitive …
Persistent link: https://www.econbiz.de/10008592874
We extend Jackson and Watts's (2002) result on the coincidence of S-stochastically stable and core stable networks from … marriage problems to roommate problems. In particular, we show that the existence of a side-optimal core stable network, on …
Persistent link: https://www.econbiz.de/10005582656
assignment game. We consider the Core, three other notions of group stability and two al- ternative definitions of competitive … equilibrium. We show that (i) each group stable set is closely related with the Core of certain games defined using a proper …
Persistent link: https://www.econbiz.de/10010836477
In this paper we answer a question posed by Sertel and Sanver (2002) on the manipulability of optimal matching rules in … matching problems with endowments. We characterize the classes of consumption rules under which optimal matching rules can be …
Persistent link: https://www.econbiz.de/10005823950