The Assignment Game With Negative Externalities And Bounded Rationality
AbstractWe introduce negative externalities in the form of ill will among the players of the classic two-sided assignment game of Shapley and Shubik, by letting each player's utility be negatively correlated with the payoff of all the players in his group. The new game is very complex, but under a certain assumption of bounded rationality we derive a straightforward notion of stable outcomes as certain conjectural equilibria. We prove that several well-known properties of the set of stable outcomes in the assignment game carry over to this new game.
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Bibliographic InfoArticle provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Game Theory Review.
Volume (Year): 13 (2011)
Issue (Month): 04 ()
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- Gudmundsson, Jens & Habis, Helga, 2013. "Assignment Games with Externalities," Working Papers 2013:27, Lund University, Department of Economics.
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