Representation of transferable utility games by coalition production economies

Tomoki Inoue

Journal of Mathematical Economics, 2012, vol. 48, issue 3, 143-147

Abstract: We prove that, by the method of construction of a coalition production economy due to Sun et al. [Sun, N., Trockel, W., Yang, Z., 2008. Competitive outcomes and endogenous coalition formation in an n-person game. Journal of Mathematical Economics 44, 853–860], every transferable utility (TU) game can be generated by a coalition production economy. Namely, for every TU game, we can construct a coalition production economy that generates the given game. We briefly discuss the relationship between the core of a given TU game and the set of Walrasian payoff vectors for the induced coalition production economy.

Keywords: Coalition production economy; Transferable utility game; Core; Coalition formation; Walrasian equilibrium without double-jobbing (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:48:y:2012:i:3:p:143-147

DOI: 10.1016/j.jmateco.2012.02.004

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