The Böhm–Bawerk horse market: a cooperative analysis |
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| Authors: | Marina Núñez Carles Rafels |
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| Institution: | (1) Department of Actuarial, Financial and Economic Mathematics, CREB and CREA, University of Barcelona, Av. Diagonal, 690, E-08034 Barcelona, Spain |
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| Abstract: | Single–valued solutions for the case of two-sided market games without product differentiation, also known as Böhm–Bawerk horse market games, are analyzed. The nucleolus is proved to coincide with the τ value, and is thus the midpoint of the core. The Shapley value is in the core only if the game is a square glove market, and in this case also coincides with the two aforementioned solutions.Institutional support from research grants BEC 2002-00642, FEDER and SGR2001-0029 is gratefully acknowledged |
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| Keywords: | assignment games Bö hm– Bawerk horse market Shapley value nucleolus τ – value |
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