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We prove that every compactly generated non-transferable utility (NTU) game can be generated by a coalition production economy. The set of Walrasian payoff vectors for our induced coalition production economy coincides with the inner core of the balanced cover of the original game. This...
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We prove that if a non-transferable utility (NTU) game is cardinally balanced and if, at every individually rational and efficient payoff vector, every non-zero normal vector to the set of payoff vectors feasible for the grand coalition is strictly positive, then the inner core is nonempty. The...
Persistent link: https://www.econbiz.de/10014175981
We provide two coincidence theorems that are useful mathematical tools for proving the nonemptiness of the inner core. The inner core is a refinement of the core of non-transferable utility (NTU) games. Our first coincidence theorem is a synthesis of Brouwer's fixed point theorem and Debreu and...
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