Two-sided matching problems with externalities
Article Abstract:
A stable matching exists solely if each agent depends on all the possibilities of others' actions. This concept of stability conforms with Pareto optimality. The unequivalence between the set of stable matchings and the core implies that the possibility of cooperation among agents increases the instability of the system, in the case with externalities. For instance, companies are concerned about the kind of workers hired by other companies while workers remain unconcerned about the other workers.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1996
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Indeterminacy and endogenous growth with social constant returns
Article Abstract:
Research is presented concerning the evaluation of endogenous growth models featuring human and physical capital to demonstrate the indeterminacy of equilibrium even if growing returns to scale are absent.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2001
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Problem solving by heterogeneous agents
Article Abstract:
Research is presented concerning the development of a model of heterogeneous agents featuring bounded abilities which can be used to analyze their collective and individual performances.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2001
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