Abstract
It is well-known that a transferable utility game has a non-empty core if and only if it is balanced. In the class of non-transferable utility games balancedness or the more general p-balancedness due to billera (siam j. Appl. Math. 18 (1970) 567) is a sufficient, but not a necessary condition for the core to be non-empty. This paper gives a natural extension of the p-balancedness condition that is both necessary and sufficient for non-emptiness of the core.
| Original language | English |
|---|---|
| Pages (from-to) | 84-92 |
| Journal | Journal of Economic Theory |
| Volume | 116 |
| DOIs | |
| Publication status | Published - 1 Jan 2004 |
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