Search Results - subject:"Minimum no-blocking payoff"

The maximal payoff and coalition formation in coalitional games

Zhao, Jingang - 2008

This paper first establishes a new core theorem using the concept of generated payoffs: the TU (transferable utility) core is empty if and only if the maximum of generated payoffs (mgp) is greater than the grand coalition's payoff v(N), or if and only if it is irrational to split v(N). It then...

Persistent link: https://www.econbiz.de/10010270946

The Maximal Payoff and Coalition Formation in Coalitional Games

Zhao, Jingang - Fondazione ENI Enrico Mattei (FEEM) - 2008

This paper first establishes a new core theorem using the concept of generated payoffs: the TU (transferable utility) core is empty if and only if the maximum of generated payoffs (mgp) is greater than the grand coalition’s payoff v(N), or if and only if it is irrational to split v(N). It then...

Persistent link: https://www.econbiz.de/10005423160

The relative interior of the base polyhedron and the core

Zhao, Jingang - In: Economic Theory 18 (2001) 3, pp. 635-648

greater than the minimum no-blocking payoff. Such conditions imply an intuitive method in proving core existence, they also …

Persistent link: https://www.econbiz.de/10005147364