Showing 1 - 4 of 4
We introduce the aggregate-monotonic core as the set of allocations of a transferable utility cooperative game attainable by single-valued solutions that satisfy core-selection and aggregate-monotonicity. We provide a necessary and sufficient condition for the coincidence of the core and the...
Persistent link: https://www.econbiz.de/10005066748
Persistent link: https://www.econbiz.de/10005408676
If a TU game is extendable, then its core is a stable set. However, there are many TU games with a stable core that are not extendable. A coalition is vital if there exists some core element x such that none of the proper subcoalitions is effective for x. It is exact if it is effective for some...
Persistent link: https://www.econbiz.de/10008483513
In 1985 Aumann axiomatized the Shapley NTU value by non-emptiness, efficiency, unanimity, scale covariance, conditional additivity, and independence of irrelevant alternatives. We show that, when replacing unanimity by “unanimity for the grand coalition” and translation covariance, these...
Persistent link: https://www.econbiz.de/10011049721