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A Conjecture of Shapley and Shubik on Competitive Outcomes in the Cores of NTU Market Games

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Author Info
Qin, Cheng-Zhong

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Abstract

It is shown that for every NTU market game, there is a market that represents the game whose competitive payoff vectors completely fill up the inner core of the game. It is also shown that for every NTU market game and for any point in its inner core, there is a market that represents the game and further has the given inner core point as its unique competitive payoff vector. The results prove a conjecture of Shapley and Shubik.

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Publisher Info
Article provided by Springer in its journal International Journal of Game Theory.

Volume (Year): 22 (1993)
Issue (Month): 4 ()
Pages: 335-44
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Handle: RePEc:spr:jogath:v:22:y:1993:i:4:p:335-44

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  1. Frank Page & Myrna Wooders, 2007. "Strategic Basins of Attraction, the Path Dominance Core, and Network Formation Games," Caepr Working Papers 2007-020, Center for Applied Economics and Policy Research, Economics Department, Indiana University Bloomington. [Downloadable!]
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  2. Cheng-Zhong Qin & Lloyd Shapley & Ken-Ichi Shimomura, 2004. "The Walras Core of an Economy and Its Limit Theorem," University of California at Santa Barbara, Economics Working Paper Series 15-02, Department of Economics, UC Santa Barbara. [Downloadable!]
  3. Sun, N. & Trockel, W. & Yang, Z., 2004. "Competitive outcomes and endogenous coalition formation in an n-person game," Discussion Paper 93, Tilburg University, Center for Economic Research. [Downloadable!]
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