Envelopes and Geometrical Covers of Side-Payment Games and their Market Representations
Résumé
This paper deals with issues concerning the core as a solution concept for games in coalitional form as well as the use of these games in representing economies of a certain formal type. Side-payment games are imbedded in the more general class of no-side-payment games. It is shown that to a given side-payment game having an empty core one may associate two different no-side payment games with the same (nonempty) core: the "envelope" and the "geometrical cover". The discrepancy is explained in terms of market games.
Domaines
Economies et finances
Origine : Fichiers produits par l'(les) auteur(s)
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