Cores and generalized NM-solutions for some classes of cooperative games
2006
In this paper consisting of three parts, interconnection is analyzed between nonsymmetric analogs of the Shapley value, core allocations, and generalized von Neumann-Morgenstern solutions for both TU-cooperative games and NTU-games, associated with pure exchange economies. Strong attention is paid to the accessibility of the cores via a dynamic process of subsequent improvements of dominated alternatives, as well as to the characterization of undominated outcomes in terms of Harsanyi imputations and market equilibrium mechanisms.
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