A necessary and sufficient condition for non-emptiness of the core of a non-transferable utility game
Article
Journal of Economic Theory
Issue number:
1
Publisher:
Elsevier
Year:
2004
Journal pages:
84–92
It is well-known that a transferable utility game has a non-empty core if and only if it is balanced. In the class of non-transferable utility games balancedness or the more general π-balancedness due to Billera (SIAM J. Appl. Math. 18 (1970) 567) is a sufficient, but not a necessary condition for the core to be non-empty. This paper gives a natural extension of the π-balancedness condition that is both necessary and sufficient for non-emptiness of the core.