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  1. Book ; Online: Firm-quasi-stability and re-equilibration in matching markets with contracts

    Yang, Yi-You

    2023  

    Abstract: We study firm-quasi-stability in the framework of many-to-many matching with contracts under substitutable preferences. We establish various links between firm-quasi-stability and stability, and give new insights into the existence and lattice property ... ...

    Abstract We study firm-quasi-stability in the framework of many-to-many matching with contracts under substitutable preferences. We establish various links between firm-quasi-stability and stability, and give new insights into the existence and lattice property of stable allocations. In addition, we show that firm-quasi-stable allocations appear naturally when the stability of the market is disrupted by the entry of new firms or the retirement of some workers, and introduce a generalized deferred acceptance algorithm to show that the market can regain stability from firm-quasi-stable allocations by a decentralized process of offers and acceptances. Moreover, it is shown that the entry of new firms or the retirement of workers cannot be bad for any of the incumbent workers and cannot be good for any of the original firms, while each new firm gets its optimal outcome under stable allocations whenever the law of aggregate demand holds.

    Comment: 32 pages
    Keywords Economics - Theoretical Economics
    Subject code 338
    Publishing date 2023-05-29
    Publishing country us
    Document type Book ; Online
    Database BASE - Bielefeld Academic Search Engine (life sciences selection)

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  2. Article: On the accessibility of the core

    Yang, Yi-You

    Games and economic behavior Vol. 69, No. 1 , p. 194-199

    2010  Volume 69, Issue 1, Page(s) 194–199

    Author's details Yi-You Yang
    Keywords Transferable Utility Games ; Core ; Spieltheorie ; Nutzen ; Theorie
    Language English
    Publisher Elsevier
    Publishing place Amsterdam
    Document type Article
    ZDB-ID 1002944-8 ; 1467668-0
    ISSN 1090-2473 ; 0899-8256 ; 0899-8256
    ISSN (online) 1090-2473 ; 0899-8256
    ISSN 0899-8256
    Database ECONomics Information System

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  3. Article ; Online: An axiomatic characterization of a value for games in partition function form

    Hu, Cheng-Cheng / Yang, Yi-You

    SERIEs : Journal of the Spanish Economic Association Vol. 1, No. 4 , p. 475-487

    2010  Volume 1, Issue 4, Page(s) 475–487

    Abstract: An extension of the Shapley value for games in partition function form is proposed in the paper. We introduce a version of the marginal contributions for environments with externalities. The dummy property related to it is defined. We adapt the system of ...

    Author's details Cheng-Cheng Hu; Yi-You Yang
    Abstract An extension of the Shapley value for games in partition function form is proposed in the paper. We introduce a version of the marginal contributions for environments with externalities. The dummy property related to it is defined. We adapt the system of axioms provided by Shapley (A value for n-Person games. In: Kuhn H, Tucker A (eds) Contributions to the theory of games II. Princeton University Press, Princeton, pp 307317, 1953) to characterize our value. In addition, we discuss a relationship between the a-Shapley values proposed by Fujinaka (On the marginality principle in partition function form games. Mimeo, Graduate School of Economics, Kobe University, Japan, 2004) and the values constructed through the average approach provided by Macho-Stadler et al. (J Econ Theory 135:339-356, 2007). -- externalities

    marginal contributions

    shapley value
    Keywords Externer Effekt ; Shapley-Wert ; Kooperatives Spiel ; Theorie
    Language English
    Size Online-Ressource
    Publisher Springer
    Publishing place Berlin
    Document type Article ; Online
    Note IMD-Felder maschinell generiert
    ZDB-ID 2536381-5
    ISSN 1869-4195
    DOI 10.1007/s13209-009-0004-9
    Database ECONomics Information System

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    This service is chargeable due to the Delivery terms set by subito. Orders including an article and supplementary material will be classified as separate orders. In these cases, fees will be demanded for each order.

    Inter-library loan at ZB MED

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