Prosperity properties of TU-games
An important open problem in the theory of TU-games is to determine whether a game has a stable core (Von Neumann-Morgenstern solution (1944)). This seems to be a rather difficult combinatorial problem. There are many sufficient conditions for core-stability. Convexity is probably the best known of these properties. Other properties implying stability of the core are subconvexity and largeness of the core (two properties introduced by Sharkey (1982)) and a property that we have baptized extendability and is introduced by Kikuta and Shapley (1986). These last three properties have a feature in common: if we start with an arbitrary TU-game and increase only the value of the grand coalition, these properties arise at some moment and are kept if we go on with increasing the value of the grand coalition. We call such properties prosperity properties. In this paper we investigate the relations between several prosperity properties and their relation with core-stability. By counter examples we show that all the prosperity properties we consider are different.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 28 (1999)
Issue (Month): 2 ()
|Note:||Received: June 1998/Revised version: December 1998|
|Contact details of provider:|| Web page: http://link.springer.de/link/service/journals/00182/index.htm|
|Order Information:||Web: http://link.springer.de/orders.htm|
When requesting a correction, please mention this item's handle: RePEc:spr:jogath:v:28:y:1999:i:2:p:211-227. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Christopher F Baum)
If references are entirely missing, you can add them using this form.