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The paper deals with the subclass of k-convex n-person transferable utility games which have clear affinities to the well-known convex TU-games. Five new characterizations of a k-convex n-person TU-game are presented in terms of: (1) the unanimity coordinates of TU-game with respect to the...
Persistent link: https://www.econbiz.de/10005138816
We show that any cooperative TU game is the maximum of a finite collection of convex games. This max-convex decomposition can be refined by using convex games with nonnegative dividends for all coalitions of at least two players. As a consequence of the above results we show that the class of...
Persistent link: https://www.econbiz.de/10005138819
This paper provides an axiomatic framework to compare the D-core (the set of undominated imputations) and the core of a cooperative game with transferable utility. Theorem 1 states that the D-core is the only solution satisfying projection consistency, reasonableness (from above),...
Persistent link: https://www.econbiz.de/10005600434