A conjecture of Shapley and Shubik on competitive outcomes in the cores of NTU market games

A conjecture of Shapley and Shubik on competitive outcomes in the cores of NTU market games

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Article ID: iaor19941845
Country: Germany
Volume: 22
Start Page Number: 335
End Page Number: 344
Publication Date: Jan 1993
Journal: International Journal of Game Theory
Authors:
Abstract:

It is shown that for every NTU market game, there is a market that represents the game whose competitive payoff vectors completely fill up the inner core of the game. It is also shown that for every NTU market game and for any point in its inner core, there is a market that represents the game and further has the given inner core point as its unique competitive payoff vector. These results prove a conjecture of Shapley and Shubik.

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