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The Extended Core Of A Cooperative Ntu Game

Author

Listed:
  • HANS KEIDING

    (Department of Economics, University of Copenhagen, Øster Farimagsgade 5, DK-1353 Copenhagen K, Denmark)

  • YAROSLAVNA PANKRATOVA

    (Department of Mathematical Methods of Economic Research, International Banking Institute, Nevskii pr. 60, 191011 Saint-Petersburg, Russia)

Abstract

In this paper we propose an extension of the core of NTU games from its domain to a larger set of games satisfying a few conditions of well-behavedness. The solution concept is a rather straightforward generalization of the extended core of TU games introduced by Gomez [2003] and is shown to have similar properties. Also, a set of axioms for solutions of NTU games is presented which characterizes the extended core.

Suggested Citation

  • Hans Keiding & Yaroslavna Pankratova, 2010. "The Extended Core Of A Cooperative Ntu Game," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 12(03), pages 263-274.
    • Handle: RePEc:wsi:igtrxx:v:12:y:2010:i:03:n:s0219198910002660
    DOI: 10.1142/S0219198910002660
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    References listed on IDEAS

    as
    1. Juan Camilo Gómez, 2003. "An Extension of the Core solution Concept," Discussion Papers 04-01, University of Copenhagen. Department of Economics.
    2. Keiding, Hans, 1986. "An axiomatization of the core of a cooperative game," Economics Letters, Elsevier, vol. 20(2), pages 111-115.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Cooperative games; NTU games; extensive core; axiomatization; 22E46; 53C35; 57S20;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • C0 - Mathematical and Quantitative Methods - - General
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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