On a Market for Coalitions with Indivisible Agents and Lotteries

@article{Garratt1997OnAM,
  title={On a Market for Coalitions with Indivisible Agents and Lotteries},
  author={R. Garratt and Cheng-Zhong Qin},
  journal={Journal of Economic Theory},
  year={1997},
  volume={77},
  pages={81-101}
}
  • R. Garratt, Cheng-Zhong Qin
  • Published 1997
  • Economics
  • Journal of Economic Theory
  • Abstract Given a game, the set of joint lotteries over partitions of the agents of any subgame induces a subset of the vectors of balancing weights for the subgame. Games whose subgames are all balanced with respect to these vectors of balancing weights are called totally L-balanced games. We show that such games are precisely the ones that can be generated from direct lottery markets. Total L-balancedness is equivalent to superadditivity. Thus, many interesting games that are not totally… CONTINUE READING
    13 Citations
    Epsilon cores of games and economies with limited side payments
    • 10
    • PDF
    On Market Games Arising from Common-Pool Resource Economies
    Market games and clubs
    Market Games and Clubs
    • M. Wooders
    • Computer Science, Economics
    • Encyclopedia of Complexity and Systems Science
    • 2009
    • 6
    • PDF
    Epsilon Cores of Games with Limited Side Payments: Nonemptiness and Equal Treatment
    • 32
    • PDF
    Munich Personal RePEc Archive Market games and clubs
    • PDF
    Duality for General TU-games Redefined
    • PDF
    Competitive Outcomes, Endogenous Firm Formation and the Aspiration Core
    • 2
    • Highly Influenced
    • PDF

    References

    SHOWING 1-10 OF 17 REFERENCES