Towards an axiomatization of the core-center

Julio González-Díaz and Estela Sánchez-Rodríguez

European Journal of Operational Research, 2009, vol. 195, issue 2, 449-459

Abstract: The core-center is an allocation rule introduced in González-Díaz and Sánchez-Rodríguez (González-Díaz, J., Sánchez-Rodríguez, E., 2007. A natural selection from the core of a TU game: The core-center. International Journal of Game Theory 36, 27-46. doi: 10.1007/s00182-007-0074-5) for the class of games with a non-empty core. In this paper we present a weighted additivity axiom, which we call trade-off property, and use it to obtain two characterizations of the core-center.

Keywords: Cooperative; TU; games; Core; Core-center; Axiomatization; Center; of; gravity (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:195:y:2009:i:2:p:449-459

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