A Necessary and Sufficient Condition for Non-Emptiness of the Core of a Partition Function Form Game
Takaaki Abe () and
Yukihiko Funaki ()
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Takaaki Abe: Graduate School of Economics, Waseda University
No 1502, Working Papers from Waseda University, Faculty of Political Science and Economics
Abstract:
The purpose of this paper is to provide a necessary and sufficient condition for nonempty core in partition function form games. We generalize the Bondareva-Shapley condition for partition function form games and present the existence conditions for the pessimistic core and the optimistic core. In addition, we study the condition for the core defined by exogenously provided partitions. The balanced collections in partition function form and some applications are also discussed.
Keywords: Cooperative games; Partition function; Core; Externalities (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2015-05
New Economics Papers: this item is included in nep-gth
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Persistent link: https://EconPapers.repec.org/RePEc:wap:wpaper:1502
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