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The Core Can Be Accessed in a Bounded Number of Steps

Working paper
Author/s: 
László Á. Kóczy
Publisher: 
Université catholique de Louvain
Year: 
2002
PDF [1]
This paper strengthens the result of Sengupta and Sengupta (1996). We show that for the class of TU games with non-empty cores the core can be reached via a bounded number of proposals and counterproposals. Our result is more general than this: the boundedness holds for any two imputations with an indirect dominance relation between them.
Tags: 
Coalition Formation Theory [2]

Source URL:http://coalitiontheory.net/content/core-can-be-accessed-bounded-number-steps

Links
[1] http://www.econ.kuleuven.be/eng/ew/discussionpapers/Dps02/Dps0218.pdf [2] http://coalitiontheory.net/research-areas/coalition-formation-theory