Maximizing selections from the core of a cooperative game

Maximizing selections from the core of a cooperative game

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Article ID: iaor20114179
Volume: 50
Issue: 1
Start Page Number: 107
End Page Number: 118
Publication Date: May 2011
Journal: Journal of Global Optimization
Authors:
Keywords: game theory, decision
Abstract:

A core selection is a function which for each cooperative game with non‐empty core selects a subset, possibly a single element, of the core. In this paper, we study selections which maximize some function or binary relation on the core. We present an axiomatic characterization of such core selections, as well as a local characterization using duality which can be applied to investigate properties of core selections. We give an application of the local characterization to a question of coalitional monotonicity of core selections.

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