On the set of Lorenz-maximal imputations in the core of a balanced game
This paper considers the set of Lorenz-maximal imputations in the core of a balanced cooperative game as a solution concept. It is shown that the Lorenz-solution concept satisfies a number of suitable properties such as desirability, continuity and the reduced game property. Moreover, the paper consideres alternative characterizations where it is shown that Lorenz-fairness is tantamount to the existence of an additive, strictly increasing and concave social welfare function. Finally the paper also provides axiomatic characterizations as well as two examples of application.
Volume (Year): 30 (2001)
Issue (Month): 2 ()
|Note:||Received: February 1999/Final version: June 2001|
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