On the Structure of Cooperative and Competitive Solutions for a Generalized Assignment Game
We study cooperative and competitive solutions for a many- to-many generalization of Shapley and Shubik (1972)'s assignment game. We consider the Core, three other notions of group stability and two alternative definitions of competitive equilibrium. We show that (i) each group stable set is closely related with the Core of certain games defined using a proper notion of blocking and (ii) each group stable set contains the set of payoff vectors associated to the two definitions of competitive equilibrium. We also show that all six solutions maintain a strictly nested structure. Moreover, each solution can be identified with a set of matrices of (discriminated) prices which indicate how gains from trade are distributed among buyers and sellers. In all cases such matrices arise as solutions of a system of linear inequalities. Hence, all six solutions have the same properties from a structural and computational point of view.
|Date of creation:||Oct 2013|
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- Marilda Sotomayor, 1999. "The lattice structure of the set of stable outcomes of the multiple partners assignment game," International Journal of Game Theory, Springer;Game Theory Society, vol. 28(4), pages 567-583.
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