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Core implementation and increasing returns to scale for cooperation

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  • Moldovanu, Benny
  • Winter, Eyal

Abstract

In this paper we analyze a simple non-cooperative bargaining model for coalition formation and payoff distribution for games in coalitional form. We show that under our bargaining regime a cooperative game is core-implementable and if it possesses the property of increasing returns to scale for cooperation. I.e., the game is convex. This offers a characterization of a purely cooperative notion by means of a non-cooperative foundation.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Mathematical Economics.

Volume (Year): 23 (1994)
Issue (Month): 6 (November)
Pages: 533-548

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Handle: RePEc:eee:mateco:v:23:y:1994:i:6:p:533-548

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Web page: http://www.elsevier.com/locate/jmateco

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Cited by:
  1. Yuan Ju & David Wettstein, 2006. "Implementing Cooperative Solution Concepts: a Generalized Bidding Approach," Keele Economics Research Papers KERP 2006/06, Centre for Economic Research, Keele University.
  2. Okada, Akira, 2012. "Non-cooperative bargaining and the incomplete informational core," Journal of Economic Theory, Elsevier, vol. 147(3), pages 1165-1190.
  3. Elaine Bennett & William Zame & Michael Maschler, 1994. "A Demand Adjustment Process," UCLA Economics Working Papers 724, UCLA Department of Economics.
  4. Bag, Parimal Kanti & Winter, Eyal, 1999. "Simple Subscription Mechanisms for Excludable Public Goods," Journal of Economic Theory, Elsevier, vol. 87(1), pages 72-94, July.
  5. Huang, Chen-Ying & Sjostrom, Tomas, 2006. "Implementation of the recursive core for partition function form games," Journal of Mathematical Economics, Elsevier, vol. 42(6), pages 771-793, September.
  6. Akira Okada & Eyal Winter, 2002. "A Non-cooperative Axiomatization of the Core," Theory and Decision, Springer, vol. 53(1), pages 1-28, August.
  7. Vidal-Puga, Juan & Bergantinos, Gustavo, 2003. "An implementation of the Owen value," Games and Economic Behavior, Elsevier, vol. 44(2), pages 412-427, August.
  8. Juan Vidal-Puga, 2003. "Implementation of the levels structure value," Game Theory and Information 0303006, EconWPA.
  9. Brennan Platt, 2009. "Spoilers, blocking coalitions, and the core," Social Choice and Welfare, Springer, vol. 33(3), pages 361-381, September.
  10. Hokari, Toru & Kibris, Ozgur, 2003. "Consistency, converse consistency, and aspirations in TU-games," Mathematical Social Sciences, Elsevier, vol. 45(3), pages 313-331, July.
  11. Juan Vidal-Puga, 2003. "Bargaining with commitments," Game Theory and Information 0306002, EconWPA.

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