On the set of Lorenz-maximal imputations in the core of a balanced game

On the set of Lorenz-maximal imputations in the core of a balanced game

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Article ID: iaor2003661
Country: Germany
Volume: 30
Issue: 2
Start Page Number: 147
End Page Number: 165
Publication Date: Jan 2001
Journal: International Journal of Game Theory
Authors: ,
Abstract:

This paper considers the set of Lorenz-maximal imputations in the core of a balanced cooperative game as a solution concept. It is shown that the Lorenz-solution concept satisfies a number of suitable properties such as desirability, continuity and the reduced game property. Moreover, the paper considers alternative characterizations where it is shown that Lorenz-fairness is tantamount to the existence of an additive, strictly increasing and concave social welfare function. Finally the paper also provides axiomatic characterizations as well as two examples of application.

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