players following a joint course of action (a Pareto optimal solution) and three solutions where various coalitions (subsets … of the players) play against coalitions of the other players in a noncooperative way. It turns out that the fully …

coalitions represented by a graphon the set of players ot the coalition. A, possibly empty, set of payoffvectors is assigned to … of ones. We then define the balanced-core as a refinement ofthe core. A payoff vector lies in the balanced-core if it … lies in the core andthe payoff vector is an element of payoff sets of all graphs in some balanced collection ofgraphs. We …

are currently employed/unemployed. We show that such a process is absorbed into the core with probability one in finite … time. Moreover, within the core, allocations are selected that are characterized by surplus splitting according to a …