An axiomatization of the core for finite and continuum games

Eyal Winter*, Myrna Holtz Wooders

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

4 Scopus citations

Abstract

We provide a new axiomatization of the core of games in characteristic form. The games may have either finite sets of players or continuum sets of players and finite coalitions. Our research is based on Peleg's axiomatization for finite games and on the notions of measurement-consistent partitions and the f-core introduced by Kaneko and Wooders. Since coalitions are finite in both finite games and in continuum games, we can use the reduced game property and the converse reduced game property for our axiomatization. Both properties are particularly appealing in large economies.

Original languageEnglish
Pages (from-to)165-175
Number of pages11
JournalSocial Choice and Welfare
Volume11
Issue number2
DOIs
StatePublished - Apr 1994

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