On reduced games and the lexmax solution

Francesc Llerena Garrés and Llúcia Mauri Masdeu

Working Papers from Universitat Rovira i Virgili, Department of Economics

Abstract: For a family of reduced games satisfying a monotonicity property, we introduced the reduced equal split-off set, an extension of the equal split-off set (Branzei et. al, 2006), and study its relation with the core. Regardless of the reduction operation we consider, the intersection between both sets is either empty or a singleton containing the lexmax solution (Arin et al., 2008). We also provide a procedure for computing the lexmax solution for a class of games that includes games with large core (Sharkey, 1982). [JEL Classification: C71]

Keywords: Jocs cooperatius; 51 - Matemàtiques (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-gth
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