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A Kernel Variant for General Cooperative Games: Characterization Results

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  • Flemming Christensen

    (Institute of Economics, University of Copenhagen)

Abstract

For cooperative games with sidepayments the prekernel has been characterized by a reduced game property and its converse. In this paper we investigate the possibilities for a generalization of this result to the environment of cooperative games without sidepayments. This leads to the introduction of a variant of the kernel which does not generalize the prekernel of sidepayment games but which can be characterized by a set of axioms closely related to those characterizing the prekernel of sidepayment games. Moreover, it is shown that this variant can be seen as the solution to a certain dynamic system.

Suggested Citation

  • Flemming Christensen, 1991. "A Kernel Variant for General Cooperative Games: Characterization Results," Discussion Papers 91-07, University of Copenhagen. Department of Economics.
    • Handle: RePEc:kud:kuiedp:9107
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