On the Cores of Cooperative Games and the Stability of the Weber Set
Stef Tijs and
Carles Rafels ()
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Stef Tijs: Department of Econometrics, Tilburg University, P.O. Box 90153, LE Tilburg, The Netherlands
Carles Rafels: Department of Actuarial, Financial and Economic Mathematics, University of Barcelona, Avda. Diagonal 690, 08034 Barcelona, Spain, email: rafels@riscd2.eco.ub.es
International Journal of Game Theory, 1998, vol. 26, issue 4, 499 pages
Abstract:
In this paper conditions are given guaranteeing that the Core equals the D-core (the set of unDominated imputations). Under these conditions, we prove the non-emptiness of the intersection of the Weber set with the imputation set. This intersection has a special stability property: it is externally stable. As a consequence we can give a new characterization (th. 3.2) for the convexity of a cooperative game in terms of its stability (von Neumann-Morgenstern solutions) using the Weber set.
Date: 1998-05-19
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Persistent link: https://EconPapers.repec.org/RePEc:spr:jogath:v:26:y:1998:i:4:p:491-499
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