Abstract
This paper studies Davis-Maschler reduced games of two-bound core games and shows that all these reduced games with respect to core elements are two-bound core games with the same pair of bounds. Based on associated reduced game properties,
we axiomatically characterize the core, the nucleolus, and the egalitarian core for two-bound core games. Moreover, we show that the egalitarian core for two-bound core games is single-valued and we provide an explicit expression.
we axiomatically characterize the core, the nucleolus, and the egalitarian core for two-bound core games. Moreover, we show that the egalitarian core for two-bound core games is single-valued and we provide an explicit expression.
Original language | English |
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Publisher | Maastricht University, Graduate School of Business and Economics |
Number of pages | 13 |
DOIs | |
Publication status | Published - 20 Jan 2022 |
Publication series
Series | GSBE Research Memoranda |
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Number | 001 |
ISSN | 2666-8807 |
JEL classifications
- c71 - Cooperative Games
Keywords
- two-bound core games
- reduced games
- axiomatic analysis