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The main purpose is to prove the supermodularity (convexity) property of a cooperative game arising from an economical …
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-free communication structure, it is the solution proposed by Herings, van der Laan and Talman (2008). We introduce the notion of link-convexity …, under which the game is shown to have a non-empty core and the average tree solution lies in the core. In general, link-convexity … is weaker than convexity. For games with a cycle-free communication structure, link-convexity is even weaker than super-additivity. …
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convexity and efficient set characterization results on SD efficiency of a given portfolio relative to adiversified set of …
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