A class of bargaining games in which agents bargain over prices and maximum trading constraints is considered: It is proved that all the Stationary Subgame Perfect Equilibria of these games implement Walrasian allocations as the bargaining frictions vanish. The result holds for any number of agents and is robust to different specifications of the bargaining process. © 2011 Published by Elsevier...

Federated distributed systems present new challenges to resource management, which cannot be met by conventional systems that employ relatively static resource models and centralized allocators. We previously argued that Matchmaking provides an elegant and robust resource management solution for these highly dynamic environments [5]. Although powerful and flexible, multiparty policies (e.g., co...

A new operating paradigm is still needed for the power industry in order to achieve a workable deregulated market. The two main proposals, namely the Bilateral and the Poolco models, even though their original intents were to promote efficiency in a deregulated industry, in order to be workable need a powerful centralized organization. They consequently end up operating in the same way as the r...

I. IN THE PRESS ............................................................................................... 3 II. MULTILATERAL PROCESSES IN CLIMATE CHANGE ......................................................... 4 Past events .............................................................................................................................. 4 United Nations Framework Convention o...