The Geometry of Solution Concepts for N-Person Cooperative Games
Richard Spinetto
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Richard Spinetto: University of Colorado
Management Science, 1974, vol. 20, issue 9, 1292-1299
Abstract:
The closed convex polyhedron consisting of all 0-1 normal n-person games with nonempty core is characterized by naming its extreme points. This characterization establishes a geometric setting, in the game space itself, for such solution concepts as the core and the nucleolus. This geometric setting also suggests new solution concepts. A similar geometric setting is also established for the Shapley value, and core and nucleolus solution concepts can be defined in this geometric setting.
Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:20:y:1974:i:9:p:1292-1299
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