Abstract
This paper deals with pooling situations, which can be considered as exchange economies with indivisible goods and money, and two related cooperative games which we refer to as pooling games with individual rights and pooling games without individual rights. It is shown that the classes of pooling games without individual rights and transportation games coincide and are contained in the class of pooling games with individual rights. With tools from discrete convexity theory, it is proved that competitive equilibria for pooling situations exist. As a consequence, an alternative proof of the nonemptiness of the core of pooling games is provided.
Similar content being viewed by others
References
Curiel IJ, Tijs SH (1985) Assignment games and permutation games. Methods Oper Res 54:323–334
Danilov V, Koshevoy G, Murota K (2000) Discrete convexity and equilibria in economies with indivisible goods and money. Math Soc Sci 41:251–273
Danilov V, Koshevoy G, Lang C (2003a) Substitutes and complements in two-sided market models. In: Sertel M, Koray S (eds) Advances in economic theory. Springer, Berlin Heidelberg New York, pp 105–123
Danilov, V., G. Koshevoy and Lang C. (2003b) Gross substitution, discrete convexity, and submodularity. Discrete Appl Math 131:2, 283–298
Gul F, Stacchetti E (2000) The English auction with differentiated commodities. J Econ Theory 92:66–95
Kelso AS, Crawford VP (1982) Job matching, coalition formation, and gross substitutes. Econometrica 50:1483–1504
Potters JAM, Tijs SH (1987) Pooling: Assignment with property rights. Methods Oper Res 57:495-508
Quint T (1996) On one-sided versus two-sided matching games. Games Econ Behav 16:124-134
Quinzii M (1984) Core and competitive equilibria with indivisibilities. Int J Game Theory 13:41-60
Sánchez-Soriano J, López M, García-Jurado I (2001) On the core of transportation games. Math Soc Sci 41:215-225
Shapley LS, Shubik M (1972) The assignment game I: the core. Int J Game Theory 1:111-130
Tijs SH, Parthasarathy T, Potters JAM, Rajendra Prasad V (1984) Permutation games: another class of totally balanced games. OR Spektrum 6:119-123
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
About this article
Cite this article
Koshevoy, G., Tijs, S. & Miquel, S. Equilibria for Pooling Situations. Int J Game Theory 34, 123–130 (2006). https://doi.org/10.1007/s00182-006-0008-7
Published:
Issue Date:
DOI: https://doi.org/10.1007/s00182-006-0008-7