The egalitarian solution and reduced game properties in convex games (Q753697)

From MaRDI portal





scientific article; zbMATH DE number 4181166
Language Label Description Also known as
default for all languages
No label defined
    English
    The egalitarian solution and reduced game properties in convex games
    scientific article; zbMATH DE number 4181166

      Statements

      The egalitarian solution and reduced game properties in convex games (English)
      0 references
      0 references
      1990
      0 references
      The egalitarian solution proposed by the author and \textit{D. Ray} [Econometrica 57, No. 3, 615--635 (1989; Zbl 0703.90105)] is axiomatized over the class of convex side-payment games. A solution (which associates to each side-payment game a set of attainable payoff allocations) for convex games is egalitarian, iff it satisfies the Davis--Maschler reduced game property and constrained egalitarianism, and this is the case iff it satisfies the Hart--Mas-Colell reduced game property and constrained egalitarianism. The combination of the two types of reduced game properties of a solution for convex games is inconsistent with the weak covariance property.
      0 references
      egalitarian solution
      0 references
      convex side-payment games
      0 references
      Davis-Maschler reduced game property
      0 references
      Hart-Mas-Colell reduced game property
      0 references
      weak covariance property
      0 references

      Identifiers