A natural selection from the core of a TU game: the core-center (Q2384718): Difference between revisions

The authors propose a new allocation rule for cooperative games with transferable utility and a non-empty core. They suggest selecting the expectation of an uniform distribution defined over the core for the game, in other words its center of gravity, which they call the core-center. The paper carries out an axiomatic study of the properties of this solution concept. Many of the usual properties of efficiency, individual rationality, coalitional rationality, equal treatment of equals, covariance and dummy player turn out to be straightforward, however, the property of continuity requires special attention and the authors show that, because of the special structure of the core of a TU game, the core-center is indeed continuous. They also discuss in detail the monotonicity property of the solution which only satisfies a form of weak coalitional monotonicity.