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Anonymous Price Taking Equilibrium in Tiebout Economies with a Continuum of Agents: Existence and Characterization
(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
(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
(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 ...