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On a class of vertices of the core

Author

Listed:
  • Michel Grabisch

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

  • Peter Sudhölter

    (COHERE - Center of Health Economics Research - Syddansk Universitet Denmark - Department of Business and Economics - SDU - University of Southern Denmark)

Abstract

It is known that for supermodular TU-games, the vertices of the core are the marginal vectors, and this result remains true for games where the set of feasible coalitions is a distributive lattice. Such games are induced by a hierarchy (partial order) on players. We propose a larger class of vertices for games on distributive lattices, called min-max vertices, obtained by minimizing or maximizing in a given order the coordinates of a core element. We give a simple formula which does not need to solve an optimization problem to compute these vertices, valid for connected hierarchies and for the general case under some restrictions. We find under which conditions two different orders induce the same vertex for every game, and show that there exist balanced games whose core has vertices which are not min-max vertices if and only if n > 4.

Suggested Citation

  • Michel Grabisch & Peter Sudhölter, 2018. "On a class of vertices of the core," PSE-Ecole d'économie de Paris (Postprint) hal-02043275, HAL.
  • Handle: RePEc:hal:pseptp:hal-02043275
    DOI: 10.1016/j.geb.2017.09.001
    Note: View the original document on HAL open archive server: https://hal.science/hal-02043275
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    TU games; vertex; core; game with precedence constraints; restricted cooperation;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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