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A note on the core

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  • Yan-An Hwang

Abstract

This note studies an exchange economy in which there are n traders and n “kinds” of commodities. Each trader has n utility functions corresponding to n “kinds” of commodities, respectively. Thus, a multiple non-transferable utility game can be derived from this exchange economy. It is shown that a sufficient condition for non-emptiness of the core of a multiple non-transferable utility game. The result is an extension of Scarf-Billera theorem. Copyright Springer Science+Business Media, LLC. 2013

Suggested Citation

  • Yan-An Hwang, 2013. "A note on the core," Journal of Global Optimization, Springer, vol. 55(3), pages 627-632, March.
    • Handle: RePEc:spr:jglopt:v:55:y:2013:i:3:p:627-632
    DOI: 10.1007/s10898-012-9959-3
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    References listed on IDEAS

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    1. 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.
    2. Csóka, Péter & Jean-Jacques Herings, P. & Kóczy, László Á. & Pintér, Miklós, 2011. "Convex and exact games with non-transferable utility," European Journal of Operational Research, Elsevier, vol. 209(1), pages 57-62, February.
    3. P. Herings & Gerard Laan & Dolf Talman, 2007. "Socially Structured Games," Theory and Decision, Springer, vol. 62(1), pages 1-29, February.
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    Cited by:

    1. Yan-An Hwang & Yu-Hsien Liao & Bo-Yao Wang, 2022. "On Balanced Host Games: A Sufficient Condition for Non-Emptiness of the Core," Mathematics, MDPI, vol. 10(20), pages 1-10, October.
    2. Yu-Hsien Liao, 2018. "The precore: converse consistent enlargements and alternative axiomatic results," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 26(1), pages 146-163, April.

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