Reduced two-bound core games

Doudou Gong, Bas Dietzenbacher and Hans Peters
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Doudou Gong: RS: GSBE other - not theme-related research, Quantitative Economics

No 1, Research Memorandum from Maastricht University, Graduate School of Business and Economics (GSBE)

Abstract: This paper studies Davis-Maschler reduced games of two-bound core games and shows that all these reduced games with respect to core elements are two-bound core games with the same pair of bounds. Based on associated reduced game properties, we axiomatically characterize the core, the nucleolus, and the egalitarian core for two-bound core games. Moreover, we show that the egalitarian core for two-bound core games is single-valued and we provide an explicit expression.

JEL-codes: C71 (search for similar items in EconPapers)
Date: 2022-01-20
New Economics Papers: this item is included in nep-gth and nep-his
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Journal Article: Reduced two-bound core games (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:unm:umagsb:2022001

DOI: 10.26481/umagsb.2022001

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