Core implementation and increasing returns to scale for cooperation

Benny Moldovanu; Eyal Winter

doi:10.1016/0304-4068(94)90011-6

Core implementation and increasing returns to scale for cooperation

Benny Moldovanu
, Eyal Winter^*

^*Corresponding author for this work

Department of Economics

Research output: Contribution to journal › Article › peer-review

19 Scopus citations

Abstract

In this paper we analyze a simple non-cooperative bargaining model for coalition formation and payoff distribution for games in coalitional form. We show that under our bargaining regime a cooperative game is core-implementable if and only if it possesses the property of increasing returns to scale for cooperation, i.e. the game is convex. This offers a characterization of a purely cooperative notion by means of a non-cooperative foundation.

Original language	English
Pages (from-to)	533-548
Number of pages	16
Journal	Journal of Mathematical Economics
Volume	23
Issue number	6
DOIs	https://doi.org/10.1016/0304-4068(94)90011-6
State	Published - Nov 1994

Bibliographical note

Funding Information:
* Corresponding author. Part of this research was supported by the Deutscheforschungsgemeinschaft

Keywords

Core implementation
Non-cooperative bargaining

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10.1016/0304-4068(94)90011-6

Cite this

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abstract = "In this paper we analyze a simple non-cooperative bargaining model for coalition formation and payoff distribution for games in coalitional form. We show that under our bargaining regime a cooperative game is core-implementable if and only if it possesses the property of increasing returns to scale for cooperation, i.e. the game is convex. This offers a characterization of a purely cooperative notion by means of a non-cooperative foundation.",

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Core implementation and increasing returns to scale for cooperation

Abstract

Bibliographical note

Keywords

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