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A note on solution concepts for nontransferable utility games

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  • Lejano, Raul P.

Abstract

While many game-theoretic solution concepts pertain to conditions of transferable utility (TU), market transactions and other exchanges generally occur under nontransferable utility (NTU). Extant solutions translate TU solution concepts to the NTU case by utilizing endogenously determined utility weight vectors, which can violate notions of equity. A new solution procedure is developed that resolves this longstanding problem, and an existence proof is provided.

Suggested Citation

  • Lejano, Raul P., 2011. "A note on solution concepts for nontransferable utility games," Journal of Mathematical Economics, Elsevier, vol. 47(6), pages 777-780.
    • Handle: RePEc:eee:mateco:v:47:y:2011:i:6:p:777-780
    DOI: 10.1016/j.jmateco.2011.10.001
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    References listed on IDEAS

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    1. Peleg, B, 1986. "On the Reduced Game Property and Its Converse," International Journal of Game Theory, Springer;Game Theory Society, vol. 15(3), pages 187-200.
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    3. Predtetchinski, Arkadi & Jean-Jacques Herings, P., 2004. "A necessary and sufficient condition for non-emptiness of the core of a non-transferable utility game," Journal of Economic Theory, Elsevier, vol. 116(1), pages 84-92, May.
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    Cited by:

    1. Dietzenbacher, Bas & Yanovskaya, Elena, 2023. "The equal split-off set for NTU-games," Mathematical Social Sciences, Elsevier, vol. 121(C), pages 61-67.

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