The General Graph Matching Game: Approximate Core

Vijay V. Vazirani

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Abstract: The classic paper of Shapley and Shubik \cite{Shapley1971assignment} characterized the core of the assignment game using ideas from matching theory and LP-duality theory and their highly non-trivial interplay. Whereas the core of this game is always non-empty, that of the general graph matching game can be empty. This paper salvages the situation by giving an imputation in the $2/3$-approximate core for the latter. This bound is best possible, since it is the integrality gap of the natural underlying LP. Our profit allocation method goes further: the multiplier on the profit of an agent is often better than ${2 \over 3}$ and lies in the interval $[{2 \over 3}, 1]$, depending on how severely constrained the agent is. Next, we provide new insights showing how discerning core imputations of an assignment games are by studying them via the lens of complementary slackness. We present a relationship between the competitiveness of individuals and teams of agents and the amount of profit they accrue in imputations that lie in the core, where by {\em competitiveness} we mean whether an individual or a team is matched in every/some/no maximum matching. This also sheds light on the phenomenon of degeneracy in assignment games, i.e., when the maximum weight matching is not unique. The core is a quintessential solution concept in cooperative game theory. It contains all ways of distributing the total worth of a game among agents in such a way that no sub-coalition has incentive to secede from the grand coalition. Our imputation, in the $2/3$-approximate core, implies that a sub-coalition will gain at most a $3/2$ factor by seceding, and less in typical cases.

Date: 2021-01, Revised 2021-07
New Economics Papers: this item is included in nep-des and nep-gth
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