Axiomatizing core extensions
We give an axiomatization of the aspiration core on the domain of all TU-games using a relaxed feasibility condition, non-emptiness, individual rationality, and generalized versions of the reduced game property (consistency) and superadditivity. Our axioms also characterize the C-core (Guesnerie and...
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Veröffentlicht in: | International journal of game theory 2012-11, Vol.41 (4), p.885-898 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | We give an axiomatization of the aspiration core on the domain of all TU-games using a relaxed feasibility condition, non-emptiness, individual rationality, and generalized versions of the reduced game property (consistency) and superadditivity. Our axioms also characterize the C-core (Guesnerie and Oddou, Econ Lett 3(4):301–306,
1979
; Sun et al. J Math Econ 44(7–8):853–860,
2008
) and the core on appropriate subdomains. The main result of the paper generalizes Peleg’s (J Math Econ 14(2):203–214,
1985
) core axiomatization to the entire family of TU-games. |
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ISSN: | 0020-7276 1432-1270 |
DOI: | 10.1007/s00182-011-0316-4 |