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On the accessibility of core-extensions

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  • Yang, Yi-You

Abstract

Sengupta and Sengupta (1996) study the accessibility of the core of a TU game and show that the core, if non-empty, can be reached from any non-core allocation via a finite sequence of successive blocks. This paper complements the result by showing that when the core is empty, a number of non-empty core-extensions, including the least core and the weak least core (Maschler et al., 1979), the positive core (Orshan and Sudhölter, 2001) and the extended core (Bejan and Gómez, 2009), are accessible in a strong sense, namely each allocation in each of the foregoing core-extensions can be reached from any allocation through a finite sequence of successive blocks.

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Bibliographic Info

Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 74 (2012)
Issue (Month): 2 ()
Pages: 687-698

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Handle: RePEc:eee:gamebe:v:74:y:2012:i:2:p:687-698

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Web page: http://www.elsevier.com/locate/inca/622836

Related research

Keywords: Accessibility; Core; Core-extensions;

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References

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  1. Kóczy,László Á., 2005. "The Core Can Be Accessed with a Bounded Number of Blocks," Research Memorandum 042, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  2. Kaneko, Mamoru & Wooders, Myrna Holtz, 1982. "Cores of partitioning games," Mathematical Social Sciences, Elsevier, vol. 3(4), pages 313-327, December.
  3. Camelia Bejan & Juan Gómez, 2009. "Core extensions for non-balanced TU-games," International Journal of Game Theory, Springer, vol. 38(1), pages 3-16, March.
  4. Sengupta, Abhijit & Sengupta, Kunal, 1996. "A Property of the Core," Games and Economic Behavior, Elsevier, vol. 12(2), pages 266-273, February.
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  8. Diamantoudi, Effrosyni & Miyagawa, Eiichi & Xue, Licun, 2004. "Random paths to stability in the roommate problem," Games and Economic Behavior, Elsevier, vol. 48(1), pages 18-28, July.
  9. Bernheim, B Douglas & Whinston, Michael D, 1986. "Menu Auctions, Resource Allocation, and Economic Influence," The Quarterly Journal of Economics, MIT Press, vol. 101(1), pages 1-31, February.
  10. Einy, Ezra & Holzman, Ron & Monderer, Dov, 1999. "On the Least Core and the Mas-Colell Bargaining Set," Games and Economic Behavior, Elsevier, vol. 28(2), pages 181-188, August.
  11. Yang, Yi-You, 2010. "On the accessibility of the core," Games and Economic Behavior, Elsevier, vol. 69(1), pages 194-199, May.
  12. Mas-Colell, Andreu, 1989. "An equivalence theorem for a bargaining set," Journal of Mathematical Economics, Elsevier, vol. 18(2), pages 129-139, April.
  13. Béal, Sylvain & Rémila, Eric & Solal, Philippe, 2010. "On the number of blocks required to access the core," MPRA Paper 26578, University Library of Munich, Germany.
  14. Guni Orshan & Peter Sudhölter, 2010. "The positive core of a cooperative game," International Journal of Game Theory, Springer, vol. 39(1), pages 113-136, March.
  15. Gooni Orshan & Peter Sudholter, 2001. "The Positive Core of a Cooperative Game," Discussion Paper Series dp268, The Center for the Study of Rationality, Hebrew University, Jerusalem.
  16. Roth, Alvin E & Vande Vate, John H, 1990. "Random Paths to Stability in Two-Sided Matching," Econometrica, Econometric Society, vol. 58(6), pages 1475-80, November.
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Cited by:
  1. Péter Szikora, 2013. "Introduction into the literature of cooperative game theory with special emphasis on dynamic games and the core," Proceedings- 11th International Conference on Mangement, Enterprise and Benchmarking (MEB 2013), Óbuda University, Keleti Faculty of Business and Management.

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