Browsing College of Arts and Science by Subject "JEL Classification Number: D51"
Now showing items 1-3 of 3
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(Vanderbilt University, 2009)This paper provides sufficient conditions to ensure nonemptiness of approximate cores of many-player games and symmetry of approximate core payoffs (the equal treatment property). The conditions are: (a) essential ...
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(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 ...
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(Vanderbilt University, 2005)We introduce a concept of status equilibrium for local public good economies. A status equilibrium specifies one status index for each agent in an economy. These indices determine agents' cost shares in any possible ...