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Contributions to Game Theory and Management, 2012, Volume 5, Pages 321–333
(Mi cgtm169)
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Consistent Subsolutions of the Least Core
Elena B. Yanovskaya St. Petersburg Institute for Economics and Mathematics,
Russian Academy of Sciences, Tchaikovsky st., 1, St. Petersburg, 191187, Russia
Abstract:
The least core, a well-known solution concept in TU games setting, satisfies many properties used in axiomatizations of TU game solutions: it is efficient, anonymous, covariant, possesses shift-invariance, and max-invariance. However, it is not consistent thought the prenucleolus, that is consistent, is contained in it. Therefore, the least core may contain other consistent subsolutions. Since the union of consistent in the sense of Davis–Maschler solutions is also consistent, there should exist the unique maximal under inclusion consistent subsolution of the least core. In the paper we present and characterize this solution.
Keywords:
Cooperative game, least core, prekernel, consistency.
Citation:
Elena B. Yanovskaya, “Consistent Subsolutions of the Least Core”, Contributions to Game Theory and Management, 5 (2012), 321–333
Linking options:
https://www.mathnet.ru/eng/cgtm169 https://www.mathnet.ru/eng/cgtm/v5/p321
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Statistics & downloads: |
Abstract page: | 211 | Full-text PDF : | 86 | References: | 62 |
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