sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …

This paper studies the core of combined games, obtained by summing two coalitional games. It is shown that the set of … core of the combined game coincides with the sum of the cores of its components. On the other hand, for non-balanced games …, the binary relation associating two component games whose combination has an empty core is not transitive. However, we …

either core stability or strict core stability is under consideration, the existence problem of a stable coalition structure …

The concept of 'the core' originates in cooperative game theory and its introduction to economics in the 1960s as a … questions in economics. Discovery of the core was met with enthusiasm among the community of economic theorists at the time …. However, use of the core eventually waned and the concept faded into the backdrop of economic theory. This paper makes use of …

on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous … sacrifice") which is derived from the egalitarian-equivalent concept suggested by Moulin (1987). We also develop a simple core … test by which it can be checked whether a given allocation is in the core thus being a possible outcome of a cooperative …

This paper deals with a core-equilibrium equivalence in an economy with public goods where preferences of consumers … ; Edgeworth ; Core ; Decentralization …