A law of scarcity for games
Kovalenkov, Alexander and Wooders, Myrna Holtz (1999) A law of scarcity for games. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.546).
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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.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||H Social Sciences > HB Economic Theory
Q Science > QA Mathematics
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Game theory, Demand (Economic theory), Monotonic functions, Approximation theory, Small groups|
|Series Name:||Warwick economic research papers|
|Publisher:||University of Warwick, Department of Economics|
|Place of Publication:||Coventry|
|Official Date:||December 1999|
|Number of Pages:||15|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
|Funder:||Social Sciences and Humanities Research Council of Canada (SSHRC), Universitats of Catalonia (UCat), Universidad Autónoma de Barcelona (UAdB)|
|Adapted As:||Kovalenkov, A. and Wooders, M.H. (2003). Laws of scarcity for a finite game: exact bounds on estimations. [Coventry] : University of Warwick, Economics Department. (Warwick economic research papers, no.691).|
 Crawford, V.P. (1991) “Comparative statics in matching models,” Journal of Economic Theory 54, 389-400.
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