Status-Seeking in Hedonic Games with Heterogeneous Players

We study hedonic games with heterogeneous player types that reflect her nationality, ethnic background, or skill type. Agents' preferences are dictated by status-seeking where status can be either local or global. The two dimensions of status define the two components of a generalized constant elasticity of substitution utility function. In this setting, we characterize the core as a function of the utility's parameter values and show that in all cases the corresponding cores are non-empty. We further discuss the core stable outcomes in terms of their segregating versus integrating properties.


Issue Date:
2010-11
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/96838
PURL Identifier:
http://purl.umn.edu/96838
Total Pages:
29
JEL Codes:
C78; J41; D71
Series Statement:
SD
122.2010




 Record created 2017-04-01, last modified 2018-01-22

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