Our objective is to analyze the relationship between the Shapley value and the core of cooperative games with transferable utility. We first characterize balanced games, i.e., the set of games with a nonempty core, through geometric properties. We show that the set of balanced games generates a...

This paper extends the Cournot-Shapiro model to provide a tractable model of voluntary patent pool formation among standard essential patent holders. We assume that patent holders have complementary patents for a standard. We first show that the existence of a path of voluntary patent pool...