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This paper considers the set of Lorenz-maximal imputations in the core of a balanced cooperative game as a solution concept. It is shown that the Lorenz-solution concept satisfies a number of suitable properties such as desirability, continuity and the reduced game property. Moreover, the paper...
Persistent link: https://www.econbiz.de/10005598501
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We start with giving an axiomatic characterization of the Nash equilibrium (NE) correspondence in terms of consistency, converse consistency and one-person rationality. Then axiomatizations are given of the strong NE correspondence, the coalition-proof NE correspondence and the semi-strong NE....
Persistent link: https://www.econbiz.de/10005755665
The MC-value is introduced as a new single-valued solution concept for monotonic NTU-games. The MC-value is based on marginal vectors, which are extensions of the well-known marginal vectors for TU-games and hyperplane games. As a result of the definition it follows that the MC-value coincides...
Persistent link: https://www.econbiz.de/10005155679
Let Gm,n be the class of strategic games with n players, where each player has m\geq2 pure strategies. We are interested in the structure of the set of correlated equilibria of games in Gm,n when n -\infty. As the number of equilibrium constraints grows slower than the number of pure strategy...
Persistent link: https://www.econbiz.de/10005155727
Persistent link: https://www.econbiz.de/10008594148