A Solution Concept and Its Axiomatic Results under Non-Transferable-Utility and Multi-Choice Situations

Yan-An Hwang and Yu-Hsien Liao
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Yan-An Hwang: Department of Applied Mathematics, National Down Hwa University, Hualien 974301, Taiwan
Yu-Hsien Liao: Department of Applied Mathematics, National Pingtung University, Pingtung County 900391, Taiwan

Mathematics, 2020, vol. 8, issue 9, 1-10

Abstract: In real situations, agents might take different energy levels to participate. On the other hand, agents always face an increasing need to focus on non-transferable-utility situations efficiently in their operational processes. Thus, we introduce the replicated core under non-transferable-utility situations, and analyze non-emptiness of the replicated core by means of a balanced result. In order to express the rationality of the replicated core, we also define different reduced games to axiomatize the replicated core.

Keywords: non-transferable-utility game; the replicated core; reduced game (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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