An axiomatization of the kernel for TU games through reduced game monotonicity and reduced dominance
Graduate studies at Western
Theory and Decision 74 (1):1-12 (2013)
|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|
|Keywords||Cooperative game Kernel Reduced game Monotonicity Dominance|
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