Abstract
In the framework of transferable utility games, we modify the 2-person Davis–Maschler reduced game to ensure non-emptiness (NE) of the imputation set of the adapted 2-person reduced game. Based on the modification, we propose two new axioms: reduced game monotonicity (RGM) and reduced dominance (RD). Using RGM, RD, NE, Covariance under strategic equivalence, Equal treatment property and Pareto optimality, we are able to characterize the kernel.
| Original language | English |
|---|---|
| Pages (from-to) | 1-12 |
| Journal | Theory and decision |
| Volume | 74 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 4 Dec 2013 |
Keywords
- METIS-306392