A note on the core of TU-cooperative games with multiple membership externalities

Heinrich H. Nax

A generalization of transferable utility cooperative games from the functional forms introduced by von Neumann and Morgenstern (1944, Theory of Games and Economic Behavior) and Lucas and Thrall (1963, Naval Research Logistics Quarterly, 10, 281-298) is proposed to allow for multiple membership. The definition of the core is adapted analogously and the possibilities for the cross-cutting of contractual arrangements are illustrated and discussed.

MoreLess

Year of publication:	2014
Authors:	Nax, Heinrich H.
Published in:	Games. - Basel : MDPI, ISSN 2073-4336, ZDB-ID 2527220-2. - Vol. 5.2014, 4, p. 191-203
Subject:	cooperative games \| core \| externalities \| multiple membership \| stability \| Kooperatives Spiel \| Cooperative game \| Core \| Externer Effekt \| Externalities \| Spieltheorie \| Game theory \| Mitgliedschaft \| Membership