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We study a cooperative problem where agents contribute a certain amount of money or capital in order to obtain a surplus. The proportional distribution with respect to the contributions of players is a core element of the cooperative game associated. Within this basic model, an external agent is...
Persistent link: https://www.econbiz.de/10009321036
A necessary condition for the coincidence of the bargaining sets dened by Shimomura (1997) and the core of a cooperative game with transferable utility is provided. To this aim, a set of payo vectors, called max-payo vectors, are introduced. This necessary condition simply checks whether these...
Persistent link: https://www.econbiz.de/10008468248