Suijs, J. (Tilburg University, Center for Economic Research)
Abstract
This paper extends the definition of the nucleolus to stochastic cooperative games, that is, to cooperative games with random payoffs to the coalitions. It is shown that the nucleolus is nonempty and that it belongs to the core whenever the core is nonempty. Furthermore, it is shown for a particular class of stochastic cooperative games that the nucleolus can be determined by calculating the traditional nucleolus introduced by Schmeidler (1969) of a specific deterministic cooperative game.
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Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number
90.
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