Browsing by Subject "core"

Now showing items 1-3 of 3

    • Anonymous Price Taking Equilibrium in Tiebout Economies with a Continuum of Agents: Existence and Characterization 
      Allouch, Nizar; Conley, John P.; Wooders, Myrna (Vanderbilt University, 2008)
      We introduce a model of a local public goods economy with a continuum of agents and jurisdictions with finite, but unbounded populations, where the set of possible projects for each jurisdiction/club is unrestricted in ...
    • Market Games and Clubs 
      Wooders, Myrna (Vanderbilt University, 2009)
      The equivalence of markets and games concerns the relationship between two sorts of structures that appear fundamentally different -- markets and games. Shapley and Shubik (1969) demonstrates that: (1) games derived from ...
    • The Partnered Core of a Game with Side Payments 
      Reny, Philip J.; Winter, Eyal; Wooders, Myrna (Vanderbilt University, 2009)
      An outcome of a game is partnered if there are no asymmetric dependencies between any two players. For a cooperative game, a payoff is in the partnered core of the game if it is partnered, feasible and cannot be improved ...