Merging and Splitting in Cooperative Games: Some (Im-)Possibility Results
AbstractSolutions for cooperative games with side-payments can be manipulated by merging a coalition of players into a single player, or, conversely, splitting a player into a number of smaller players. This paper establishes some (im-)possibility results concerning merging- or splitting-proofness of core solutions of balanced and convex games.
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Bibliographic InfoPaper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 05-19.
Length: 13 pages
Date of creation: Oct 2005
Date of revision:
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cooperative games; manipulation; Dutta-Ray solution;
Find related papers by JEL classification:
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
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- Hougaard, Jens Leth & Østerdal, Lars Peter, 2010. "Monotonicity of social welfare optima," Games and Economic Behavior, Elsevier, vol. 70(2), pages 392-402, November.
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