Accession Number:
AD0647250
Title:
THE KERNEL AND BARGAINING SET FOR CONVEX GAMES
Descriptive Note:
Research memo.
Corporate Author:
HEBREW UNIV JERUSALEM (ISRAEL) DEPT OF MATHEMATICS
Personal Author(s):
Report Date:
1967-02-01
Pagination or Media Count:
16.0
Abstract:
Many solution concepts for cooperative games agree or partially agree if the game happens to be convex. For example, convex games have a unique von- Neumann Morgenstern solution which coincides with the core. Also, the Shapley value is a center of gravity of the extreme points of the core of a convex game namely, the center of gravity when the extreme points are assigned appropriate multiplicities. It is proved in this paper that the kernel for the grand coalition of a convex game lies in the relative interior of its core and that the bargaining set for the grand coalition coincides with the core.
Descriptors:
Subject Categories:
- Economics and Cost Analysis
- Theoretical Mathematics