The Epsilon Core of a Large Game

Myrna Wooders

No 612, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: Sufficient conditions are given for large replica games without side payments to have non-empty approximate cores for all sufficiently large replications. No "balancedness" assumptions are required. The conditions are superadditivity, a very weak boundedness condition, and convexity of the payoff sets. An example is provided to show that under these conditions, the (exact) core well may be empty.

Pages: 34 pages
Date: 1981-12
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Citations: View citations in EconPapers (3)

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