Article ID: | iaor20128254 |
Volume: | 41 |
Issue: | 4 |
Start Page Number: | 885 |
End Page Number: | 898 |
Publication Date: | Nov 2012 |
Journal: | International Journal of Game Theory |
Authors: | Bejan Camelia, Gmez Juan |
We give an axiomatization of the aspiration core on the domain of all TU‐games using a relaxed feasibility condition, non‐emptiness, individual rationality, and generalized versions of the reduced game property (consistency) and superadditivity. Our axioms also characterize the C‐core (Guesnerie and Oddou, 1979; Sun et al., 2008) and the core on appropriate subdomains. The main result of the paper generalizes Peleg’s (1985) core axiomatization to the entire family of TU‐games.