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Three Theorems on Non-Emptiness of Approximate Cores: Part 2. Economies with Clubs

Author

Listed:
  • Kovalenkov, A.
  • Wooders, M.H.

Abstract

We present a new model of an economy with clubs, where players may belong to multiple clubs and where clubs may engage in a variety of club activities. The activities of each club may be unique to that club and may include provision of private goods, public goods, or simply covariance. Three nonemptiness of approximate core results are presented.

Suggested Citation

  • Kovalenkov, A. & Wooders, M.H., 1997. "Three Theorems on Non-Emptiness of Approximate Cores: Part 2. Economies with Clubs," UFAE and IAE Working Papers 391.97, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    • Handle: RePEc:aub:autbar:391.97
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    Cited by:

    1. Kovalenkov, A. & Holtz Wooders, M., 1997. "Epsilon Cores of Games and Economies With Limited Side Payments," UFAE and IAE Working Papers 392.97, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    2. Alexander Kovalenkov & Myrna Holtz Wooders, 1997. "An explicit bound on e for non-emptiness of the e-core of an arbitrary game with side payments," Working Papers mwooders-98-05, University of Toronto, Department of Economics.

    More about this item

    Keywords

    GAMES;

    JEL classification:

    • H4 - Public Economics - - Publicly Provided Goods
    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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