Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - An axiomatization of the core for finite and continuum games
AU - Winter, E.
AU - Wooders, M.H.
PY - 1994/4
Y1 - 1994/4
N2 - We provide a new axiomatization of the core of games in characteristic form. The games may have either finite sets of players or continuum sets of players and finite coalitions. Our research is based on Peleg's axiomatization for finite games and on the notions of measurement-consistent partitions and the f-core introduced by Kaneko and Wooders. Since coalitions are finite in both finite games and in continuum games, we can use the reduced game property and the converse reduced game property for our axiomatization. Both properties are particularly appealing in large economies. © 1994 Springer-Verlag.
AB - We provide a new axiomatization of the core of games in characteristic form. The games may have either finite sets of players or continuum sets of players and finite coalitions. Our research is based on Peleg's axiomatization for finite games and on the notions of measurement-consistent partitions and the f-core introduced by Kaneko and Wooders. Since coalitions are finite in both finite games and in continuum games, we can use the reduced game property and the converse reduced game property for our axiomatization. Both properties are particularly appealing in large economies. © 1994 Springer-Verlag.
KW - Characteristic Form
KW - Large Economy
KW - Game Property
KW - Finite Game
KW - Continuum Game
U2 - 10.1007/BF00179212
DO - 10.1007/BF00179212
M3 - Journal article
VL - 11
SP - 165
EP - 175
JO - Social Choice and Welfare
JF - Social Choice and Welfare
SN - 0176-1714
IS - 2
ER -