A Solution Concept and Its Axiomatic Results under Non-Transferable-Utility and Multi-Choice Situations

In real situations, agents might take different energy levels to participate. On the other hand, agents always face an increasing need to focus on non-transferable-utility situations efficiently in their operational processes. Thus, we introduce the replicated core under non-transferable-utility sit...

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Bibliographic Details
Main Authors: Yan-An Hwang, Yu-Hsien Liao
Format: Article
Language:English
Published: MDPI AG 2020-09-01
Series:Mathematics
Subjects:
Online Access:https://www.mdpi.com/2227-7390/8/9/1559
Description
Summary:In real situations, agents might take different energy levels to participate. On the other hand, agents always face an increasing need to focus on non-transferable-utility situations efficiently in their operational processes. Thus, we introduce the replicated core under non-transferable-utility situations, and analyze non-emptiness of the replicated core by means of a balanced result. In order to express the rationality of the replicated core, we also define different reduced games to axiomatize the replicated core.
ISSN:2227-7390