Utility functions of money for clear games

Bezalel Peleg

Naval Research Logistics Quarterly, 1965, vol. 12, issue 1, 57-63

Abstract: In this paper we discuss the question of clearness of K‐games for catalogues as defined by Jentzsch in Ref. [4]. It is proved that when the coalition K has at least two members, a necessary and sufficient condition that all money games played by K will be clear is that the utility functions for money of the players of K are linear in money. In the proof we assume that the utility functions are concave.

Date: 1965
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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:12:y:1965:i:1:p:57-63

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