A Note on the Core of TU-cooperative Games with Multiple Membership Externalities

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.

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Year of publication:	2014
Authors:	Nax, Heinrich H.
Published in:	Games. - MDPI, Open Access Journal, ISSN 2073-4336. - Vol. 5.2014, 4, p. 191-203
Publisher:	MDPI, Open Access Journal
Subject:	cooperative games \| core \| externalities \| multiple membership \| stability

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	C - Mathematical and Quantitative Methods ; C7 - Game Theory and Bargaining Theory ; C70 - Game Theory and Bargaining Theory. General ; C71 - Cooperative Games ; C72 - Noncooperative Games ; C73 - Stochastic and Dynamic Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011030505