Abstract
Many solutions for TU-games coincide with the "standard solution" for the two-agent case. We study its weighted generalizations. In particular, we study whether max consistency is compatible with "2-weighted-standardness." We show that on the domain of all TU-games, efficiency, 2-weighted-standardness, and max consistency jointly imply equal treatment of equals. It follows from this result that on the same domain, the prenucleolus is the only single-valued solution satisfying efficiency, 2-weighted-standardness, zero-independence, and max consistency. This uniqueness result does not hold on the domain of convex games. We define the family of "sequential nucleoli" on this domain, and show that this family of solutions is characterized by efficiency, 2-weighted-standardness, and max consistency.
Original language | English |
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Pages (from-to) | 63-82 |
Number of pages | 20 |
Journal | Games and Economic Behavior |
Volume | 51 |
Issue number | 1 |
DOIs | |
Publication status | Published - 2005 Apr |
Externally published | Yes |
Keywords
- Consistency
- Convex games
- Equal treatment of equals
- Reduced games
- TU-games
- The nucleolus
ASJC Scopus subject areas
- Finance
- Economics and Econometrics