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Assignment submarkets with a segment core

Author

Listed:
  • Marina Nunez

    (Department of Economic, Financial and Actuarial Mathematics. University of Barcelona)

  • Carles Rafels

    (Department of Economic, Fianncial and Actuarial Mathematics. University of Barcelona)

Abstract

The Böhm-Bawerk horse markets are assignment markets with homogeneous goods that are known to have a one-dimensional core. We show here that, although there exist two-sided assignment games with non-homogeneous products and with a segment as a core, the Böhm-Bawerk horse markets are the only ones where every submarket also has a segment as a core.

Suggested Citation

  • Marina Nunez & Carles Rafels, 2008. "Assignment submarkets with a segment core," Economics Bulletin, AccessEcon, vol. 3(44), pages 1-5.
    • Handle: RePEc:ebl:ecbull:eb-08c70010
    as

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    References listed on IDEAS

    as
    1. Marina Núñez & Carles Rafels, 2005. "The Böhm–Bawerk horse market: a cooperative analysis," International Journal of Game Theory, Springer;Game Theory Society, vol. 33(3), pages 421-430, September.
    2. Leonard, Herman B, 1983. "Elicitation of Honest Preferences for the Assignment of Individuals to Positions," Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 461-479, June.
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    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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