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The truncated core for games with limited aspirations

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  • Anne van den Nouweland

    ()
    (University of Oregon)

  • Luisa Carpente

    ()
    (University of La Coruña)

  • Balbina Casas-Méndez

    ()
    (University of Santiago de Compostela)

  • Ignacio García-Jurado

    ()
    (University of Santiago de Compostela)

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    Abstract

    We define and study games with limited aspirations. In a game with limited aspirations there are upper bounds on the possible payoffs for some coalitions. These restrictions require adjustments in the definitions of solution concepts. In the current paper we study the effect of the restrictions on the core and define and study the so-called truncated core.

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    Bibliographic Info

    Paper provided by University of Oregon Economics Department in its series University of Oregon Economics Department Working Papers with number 2007-13.

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    Length: 22
    Date of creation: 01 Oct 2007
    Date of revision:
    Handle: RePEc:ore:uoecwp:2007-13

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