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The Truncated Core for Games with Limited Aspirations

Author

Listed:
  • Luisa Carente
  • Balbina Casas-Mendez
  • Ignacio Carcia-Jurado
  • Anne van den Nouweland

Abstract

We define and study games with limited aspirations. In a game with limited aspirations there are upper bounds on the possible payoffs for some coalitions. These restrictions require adjustments in the definitions of solution concepts. In the current paper we study the effect of the restrictions on the core and define and study the so-called truncated core.

Suggested Citation

  • Luisa Carente & Balbina Casas-Mendez & Ignacio Carcia-Jurado & Anne van den Nouweland, 2007. "The Truncated Core for Games with Limited Aspirations," Department of Economics - Working Papers Series 1010, The University of Melbourne.
    • Handle: RePEc:mlb:wpaper:1010
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    File URL: http://fbe.unimelb.edu.au/__data/assets/pdf_file/0006/802833/1010.pdf
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    References listed on IDEAS

    as
    1. Brânzei, R. & Dimitrov, D.A. & Pickl, S. & Tijs, S.H., 2002. "How to Cope with Division Problems under Interval Uncertainty of Claims?," Discussion Paper 2002-96, Tilburg University, Center for Economic Research.
    2. repec:ebl:ecbull:v:3:y:2003:i:9:p:1-8 is not listed on IDEAS
    3. Luisa Carpente & Balbina Casas-Méndez & Ignacio García-Jurado & Anne van den Nouweland, 2005. "Values for strategic games in which players cooperate," International Journal of Game Theory, Springer;Game Theory Society, vol. 33(3), pages 397-419, September.
    4. Dinko Dimitrov & Stef Tijs & Rodica Branzei, 2003. "Shapley-like values for interval bankruptcy games," Economics Bulletin, AccessEcon, vol. 3(9), pages 1-8.
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    More about this item

    Keywords

    games with limited aspirations; truncated core.;

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory

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