Every member of the core is as respectful as any other |
| |
Authors: | Yasemin Dede Semih Koray |
| |
Affiliation: | 1.Department of Economics,Bilkent University,Ankara,Turkey |
| |
Abstract: | We strategically separate different core outcomes. The natural counterparts of a core allocation in a strategic environment are the α-core, the β-core and the strong equilibrium, modified by assuming that utility is transferable in a strategic context as well. Given a core allocation ω of a convex transferable utility (TU) game (v), we associate a strategic coalition formation game with ( left( {v, omega } right) ) in which ω survives, while most other core allocations are eliminated. If the TU game is strictly convex, the core allocations respected by the TU-α-core, the TU-β-core and the TU-strong equilibrium shrink to ω only in the canonical family of coalition formation games associated with ( left( {v, omega } right) ). A mechanism, which strategically separates core outcomes from noncore outcomes for each convex TU game according to the TU-strong equilibrium notion is reported. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|