Title
Associated Games to Optimize the Core of a Transferable Utility Game
Abstract
In view of the core optimization, this paper establishes a new associated game starting from one with a nonempty core and proposes a sequence of associated games recursively. We prove that the cores of the associated games are increasingly stable in two aspects. Firstly, the core of each game is contained in the one it precedes. Secondly, any allocation outside the core of the corresponding associated game is indirectly dominated by a certain allocation in it. Therefore, the last one of the nonempty cores in this sequence is the final optimized set. More interestingly, if this sequence does not encounter a game with an empty core, we show that it converges and that the limit game is a constant-sum one by the matrix approach. In this case, we can ideally select a unique point from the core of the original game, which is the core of such a limit game.
Year
DOI
Venue
2019
10.1007/s10957-019-01494-y
Journal of Optimization Theory and Applications
Keywords
Field
DocType
Associated game, Core, Optimization, Matrix approach, Limit game, 91A12
Mathematical optimization,Matrix (mathematics),Transferable utility,Mathematics,Recursion
Journal
Volume
Issue
ISSN
182.0
2.0
1573-2878
Citations 
PageRank 
References 
0
0.34
6
Authors
4
Name
Order
Citations
PageRank
Qianqian Kong101.01
Hao Sun23110.18
Genjiu Xu3307.31
Dongshuang Hou4116.27