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Yilmaz, Murat; Yilmaz, Ozgur
<?xml version='1.0' encoding='utf-8'?> <oai_dc:dc xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"> <dc:creator>Yilmaz, Murat</dc:creator> <dc:creator>Yilmaz, Ozgur</dc:creator> <dc:date>2022-01-01</dc:date> <dc:description>A central stability notion for allocation problems when there are private endowments is core: no coalition should be able to block the allocation. But, for an exchange economy of discrete resources, core can be empty. An alternative stability axiom is the bargaining set a la Aumann and Maschler (Advances in game theory, Annals of mathematics studies, Princeton University Press, Princeton, pp 443-476, 1964): a blocking by a coalition is justified only if there is no counter-objection to it and an allocation is in the bargaining set if there does not exist a justified blocking. Allowing for weak preferences, we prove that any allocation obtained by the well-known Top Trading Cycles class is in the bargaining set, but not all allocations in the bargaining set can be obtained by this class.</dc:description> <dc:identifier>https://aperta.ulakbim.gov.trrecord/261977</dc:identifier> <dc:identifier>oai:aperta.ulakbim.gov.tr:261977</dc:identifier> <dc:rights>info:eu-repo/semantics/openAccess</dc:rights> <dc:rights>http://www.opendefinition.org/licenses/cc-by</dc:rights> <dc:source>REVIEW OF ECONOMIC DESIGN 26(4) 561-580</dc:source> <dc:title>Stability of an allocation of objects</dc:title> <dc:type>info:eu-repo/semantics/article</dc:type> <dc:type>publication-article</dc:type> </oai_dc:dc>
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