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To verify whether a transferable utility game is exact, one has to check a linear inequality for each exact balanced collection of coalitions. This paper studies the structure and properties of the class of exact balanced collections. Comparing the definition of exact balanced collections with...
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This paper studies coalition formation among individuals who differ in productivity. The output of a coalition is … determined by the sum of the productivities and the size of the coalition. We consider egalitarian societies in which coalitions … split their surplus equally and individualistic societies in which the surplus of a coalition is split according to …
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