A look back at the core of games in characteristic function form: some new axiomatization results

Anindya Bhattacharya

Papers from arXiv.org

Abstract: In this paper we provide three new results axiomatizing the core of games in characteristic function form (not necessarily having transferable utility) obeying an innocuous condition (that the set of individually rational pay-off vectors is bounded). One novelty of this exercise is that our domain is the {\em entire} class of such games: i.e., restrictions like "non-levelness" or "balancedness" are not required.

Date: 2022-08, Revised 2024-09
New Economics Papers: this item is included in nep-gth and nep-upt
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