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the unique welfare distribution that is core-stable and satisfies the condition that no agent gets a utility payoff above … has an increasing benefit function (no externalities) then every weighted hierarchical solution is core-stable. In case of …
Persistent link: https://www.econbiz.de/10011381991
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 … prove that any balanced graph game has a nonempty balanced-core.We conclude by some examples showing the usefulness of the …
Persistent link: https://www.econbiz.de/10011303860
This paper associates a strategic n-person game with a given transferable utility game and studies its Nash equilibria. Strict equilibria in this model characterize those divisions of social surplus that can become conventions in the sense of Young (1993). It is shown that even in relatively...
Persistent link: https://www.econbiz.de/10011342576
Persistent link: https://www.econbiz.de/10011350040
the average rankings of the other types of groups. We show that a core stable coalition structure always exists, provided …
Persistent link: https://www.econbiz.de/10009751376
requirement reflects some forms of indivisibility. We are interested in the classes of games that guarantee a non-empty core no …
Persistent link: https://www.econbiz.de/10009751967
shown that the core of a TU-game coincides with the core of the corresponding minimal rights game. Moreover, the paper … introduces the notion of the k-core cover as an extension of the core cover. The k-core cover of a TU-game consists of all … minimal rights game. It is shown that the core of a TU-game with player set N coincides with the L|N |/2-̦core cover …
Persistent link: https://www.econbiz.de/10010224779
Persistent link: https://www.econbiz.de/10009793162
Persistent link: https://www.econbiz.de/10010257522
-298) is proposed to allow for multiple membership. The definition of the core is adapted analogously and the possibilities for …
Persistent link: https://www.econbiz.de/10010422383