A Consistent Allocation Rule: Non-emptiness, Reductions, Domination and Axiomatization

Ling-Yun Chung () and Yu-Hsien Liao ()
Additional contact information
Ling-Yun Chung: Graduate School of Technological and Vocational Education, National Yunling University of Science and Technology, Douliou, Yunlin 64002, TAIWAN
Yu-Hsien Liao: Department of Applied Mathematics, National Pingtung University, Pingtung 900, TAIWAN

Review of Economics & Finance, 2014, vol. 4, 61-74

Abstract: Since an extended core violates related properties of consistency, this paper proposes the concept of pseudo core. By focusing on the agents and the operational levels simultaneously, an extended reduction is also introduced to axiomatize the pseudo core. Furthermore, this paper adopts the duality results of linear programming theory to determine the non-emptiness of the pseudo core. By investigating the domination among payoff vectors, this article also proposes the dominance core and related coincidences between the pseudo core and the dominance core.

Keywords: The core; Consistency; Reduction; Non-emptiness; Domination (search for similar items in EconPapers)
JEL-codes: C70 C71 D70 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.bapress.ca/ref/ref-article/1923-7529-2014-04-61-14.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bap:journl:140405

Ordering information: This journal article can be ordered from
17 Alton Towers Circle, Unit 101 Toronto, ON, M1V3L8, Canada

Access Statistics for this article

Review of Economics & Finance is currently edited by H. Carlson

More articles in Review of Economics & Finance from Better Advances Press, Canada 17 Alton Towers Circle, Unit 101 Toronto, ON, M1V3L8, Canada.
Bibliographic data for series maintained by Carlson ( this e-mail address is bad, please contact ).