On extreme points of the core and reduced games

On extreme points of the core and reduced games

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Article ID: iaor19993073
Country: Netherlands
Volume: 84
Issue: 1
Start Page Number: 121
End Page Number: 133
Publication Date: Dec 1998
Journal: Annals of Operations Research
Authors: ,
Abstract:

Given a balanced cooperative game, we prove that the extreme points of the core have the reduced game property with respect to the Davis and Maschler reduced game. One particular case of this reduction occurs when we name marginal games. These games allow us to define the reduced marginal worth vectors, where every player gets his marginal contribution to a successive marginal game. This set of vectors is proved to be the set of extreme points of the core of those balanced games which are almost convex, that is, those balanced games such that all proper subgames are convex.

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