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The core as the set of eventually stable outcomes: A note
Institution:1. Department d’Economia and CREIP, Universitat Rovira i Virgili, Av. Universitat 1, Reus 43204, Spain;2. Department de Gestió d’Empreses and CREIP, Universitat Rovira i Virgili, Av.Universitat 1, Reus 43204, Spain;1. Mathematical Sciences and Business School, University of Southampton, Southampton SO17 1BJ, United Kingdom;2. School of Business, University of Southampton, Southampton SO17 1BJ, United Kingdom
Abstract:As a justification of the core as a set of stable social states, Sengupta and Sengupta 1996. A property of the core. Games Econ. Behav. 12, 266–273] show that for any transferable utility (TU) cooperative game with non-empty core, for every imputation outside the core there is an element in the core that indirectly dominates the imputation in a desirable way. In this note we show that this appealing property of the core no longer holds even for the class of hyperplane games, an immediate generalization of TU games into the environments without side payments.
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