U-CYCLES IN n-PERSON TU-GAMES WITH ONLY 1, n - 1 AND n-PERSON PERMISSIBLE COALITIONS
AbstractIt has been recently proved that the non-existence of certain type of cycles of pre-imputation, fundamental cycles, is equivalent to the balancedness of a TU-games (Cesco (2003)). In some cases, the class of fundamental cycles can be narrowed and still obtain a characterization theorem. In this paper we prove that existence of maximal U-cycles, which are related to a transfer scheme designed for computing a point in the core of a game, is condition necessary and sufficient for a TU-game be non-balanced, provided n - 1 and n-person are the only coalitions with non-zero value. These games are strongly related to games with only 1, n - 1 and n-person permissible coalitions (Maschler (1963)).
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Bibliographic InfoArticle provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Game Theory Review.
Volume (Year): 08 (2006)
Issue (Month): 03 ()
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Web page: http://www.worldscinet.com/igtr/igtr.shtml
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- B4 - Schools of Economic Thought and Methodology - - Economic Methodology
- C0 - Mathematical and Quantitative Methods - - General
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- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- D7 - Microeconomics - - Analysis of Collective Decision-Making
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- Cesco, Juan Carlos, 2008. "A general characterization for non-balanced games in terms of U-cycles," European Journal of Operational Research, Elsevier, Elsevier, vol. 191(2), pages 409-415, December.
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