Abstract:
This paper strengthens the result of Sengupta and Sengupta (1996). We show that for the class of games with nonempty cores the core can be reached in a bounded number of proposals and counterproposals. Our result is more general than this: the boundedness holds for any two imputations with an indirect dominance relation between them.
Keywords:dynamic cooperative game; indirect dominance; core. (search for similar items in EconPapers) JEL-codes:C71C73 (search for similar items in EconPapers) New Economics Papers: this item is included in nep-pke Date: Written 2002-02-04 Note: Type of Document - PDF; prepared on IBM PC - PC-TEX; to print on PostScript; pages: 8 ; figures: 1 - included. Work in progress, comments welcome!