A law of scarcity for games
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چکیده
The “law of scarcity” is that scarceness is rewarded; recall, for example, the diamonds and water paradox. In this paper, furthering research initiated in Kelso and Crawford (1982, Econometrica 50, 1483-1504) for matching models, we demonstrate a law of scarcity for cores and approximate cores of games. ∗This research was partly undertaken when this author was in the IDEA Ph.D Program of the Autonomous University of Barcelona. †The support of the Direccio General d’Universitats of Catalonia, the Social Sciences and Humanities Research Council of Canada, and the Department of Economics of the Autonomous University of Barcelona is gratefully acknowledged.
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تاریخ انتشار 1999