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A comparison of the average prekernel and the prekernel

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  • Serrano, Roberto
  • Shimomura, Ken-Ichi

Abstract

We propose positive and normative foundations for the average prekernel of NTU games, and compare them with the existing ones for the prekernel. In our non-cooperative analysis, the average prekernel is approximated by the set of equilibrium payoffs of a game where each player faces the possibility of bargaining at random against any other player. In the cooperative analysis, we characterize the average prekernel as the unique solution that satisfies a set of Nash-like axioms for two-person games, and versions of average consistency and its converse for multilateral settings

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  • Serrano, Roberto & Shimomura, Ken-Ichi, 2005. "A comparison of the average prekernel and the prekernel," UC3M Working papers. Economics we055827, Universidad Carlos III de Madrid. Departamento de Economía.
  • Handle: RePEc:cte:werepe:we055827
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    13. Maschler, M & Owen, G, 1989. "The Consistent Shapley Value for Hyperplane Games," International Journal of Game Theory, Springer;Game Theory Society, vol. 18(4), pages 389-407.
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    1. repec:dau:papers:123456789/89 is not listed on IDEAS
    2. Bonnisseau, Jean-Marc & Iehle, Vincent, 2007. "Payoff-dependent balancedness and cores," Games and Economic Behavior, Elsevier, vol. 61(1), pages 1-26, October.
    3. Vincent Iehlé, 2004. "Transfer rate rules and core selections in NTU games," Economics Bulletin, AccessEcon, vol. 3(42), pages 1-10.
    4. Serrano, Roberto & Shimomura, Ken-Ichi, 2006. "A comparison of the average prekernel and the prekernel," Mathematical Social Sciences, Elsevier, vol. 52(3), pages 288-301, December.
    5. Jean-Marc Bonnisseau & Vincent Iehlé, 2007. "Payoff-dependent balancedness and cores (revised version)," UFAE and IAE Working Papers 678.07, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).

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