The uniqueness of a reduced game in a characterization of the core in terms of consistency

Yukihiko Funaki, Takehiko Yamato

研究成果: Chapter

抄録

In this paper, we examine the uniqueness of a reduced game in an axiomatic characterization of the core of transferable utility (TU) games in terms of consistency. Tadenuma [10] establishes that the core is the only solution satisfying non-emptiness, individual rationality, and consistency with respect to a natural reduced game due to Moulin [6]. However, the core satisfies consistency with respect to many other reduced games, including unnatural ones. Then we ask whether there are other reduced games that can be used to characterize the core based on the same three axioms. The answer is no: the Moulin reduced game is the only reduced game such that the core is characterized by the three axioms, since for any other reduced game, there is a solution that satisfies the three axioms, but it differs from the core. Many other unnatural reduced games cannot be used to characterize the core based on the three axioms. Funaki [4] provides another axiomatization of the core: the core is the only solution satisfying non-emptiness, Pareto optimality, sub-grand rationality, and consistency with respect to a simple reduced game similar to a so-called subgame. We show that the simple reduced game is the only reduced game that can be used to characterize the core by the four axioms.

本文言語English
ホスト出版物のタイトルAnnals of the International Society of Dynamic Games
出版社Birkhauser
ページ147-162
ページ数16
DOI
出版ステータスPublished - 2006

出版物シリーズ

名前Annals of the International Society of Dynamic Games
8
ISSN(印刷版)2474-0179
ISSN(電子版)2474-0187

ASJC Scopus subject areas

  • 統計学および確率
  • 統計学、確率および不確実性
  • 応用数学

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