Relative Symmetric Reductions under Multi-Choice Non-Transferable-Utility Situations

Yu-Hsien Liao
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Yu-Hsien Liao: Department of Applied Mathematics, National Pingtung University, Pingtung City 900391, Taiwan

Mathematics, 2022, vol. 10, issue 5, 1-7

Abstract: In many game-theoretical results, the reduction axiom and its converse have been regarded as important requirements under axiomatic processes for solutions. However, it is shown that the replicated core counters a specific (inferior) converse reduction axiom under multi-choice non-transferable-utility situations. Thus, two modified reductions and relative properties of the reduction axiom and its converse are proposed to characterize the replicated core in this article.The main methods and relative results are as follows. First, two different types of reductions are proposed by focusing on both participants and participation levels under relative symmetric reducing behavior. Further, relative reduction axioms and their converse are adopted to characterize the replicated core.

Keywords: non-transferable-utility situation; the replicated core; relative symmetric reducing behavior; reduction axiom (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2022
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