Pairing Games and Markets

Pairing Games or Markets studied here are the non-two-sided NTU generalization of assignment games. We show that the Equilibrium Set is nonempty, that it is the set of stable allocations or the set of semistable allocations, and that it has several notable structural properties. We also introduce the solution concept of pseudostable allocations and show that they are in the Demand Bargaining Set. We give a dynamic Market Procedure that reaches the Equilibrium Set in a bounded number of steps. We use elementary tools of graph theory and a representation theorem obtained here.


Issue Date:
2014-05
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/172704
Total Pages:
50
JEL Codes:
C71; C78
Series Statement:
CCSD
48.2014




 Record created 2017-04-01, last modified 2017-08-27

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