Representation of TU games by coalition production economies

Inoue T (2010) Working Papers. Institute of Mathematical Economics; 430.
Bielefeld: Universität Bielefeld.

Diskussionspapier | Veröffentlicht | Englisch
 
Download
OA
Abstract / Bemerkung
We prove that every transferable utility (TU) game can be generated by a coalition production economy. Given a TU game, the set of Walrasian payoff vectors of the induced coalition production economy coincides with the core of the balanced cover of the given game. Therefore, a Walrasian equilibrium for the induced coalition production economy always exists. The induced coalition production economy has one output and the same number of inputs as agents. Every input is personalized and it can be interpreted as agent's labor. In a Walrasian equilibrium, every agent is permitted to work at several firms. In a Walrasian equilibrium without double-jobbing, in contrast, every agent has to work at exactly one firm. This restricted concept of a Walrasian equilibrium enables us to discuss which coalitions are formed in an equilibrium. If the cohesive cover or the completion of a given TU game is balanced, then the no-double-jobbing restriction does not matter, i.e., there exists no difference between Walrasian payoff vectors and Walrasian payoff vectors without double-jobbing.
Stichworte
Walrasian equilibrium without double-jobbing; Coalition structure; Coalition production economy; Transferable utility game; Core
Erscheinungsjahr
2010
Serientitel
Working Papers. Institute of Mathematical Economics
Band
430
ISSN
0931-6558
Page URI
https://pub.uni-bielefeld.de/record/2316457

Zitieren

Inoue T. Representation of TU games by coalition production economies. Working Papers. Institute of Mathematical Economics. Vol 430. Bielefeld: Universität Bielefeld; 2010.
Inoue, T. (2010). Representation of TU games by coalition production economies (Working Papers. Institute of Mathematical Economics, 430). Bielefeld: Universität Bielefeld.
Inoue, Tomoki. 2010. Representation of TU games by coalition production economies. Vol. 430. Working Papers. Institute of Mathematical Economics. Bielefeld: Universität Bielefeld.
Inoue, T. (2010). Representation of TU games by coalition production economies. Working Papers. Institute of Mathematical Economics, 430, Bielefeld: Universität Bielefeld.
Inoue, T., 2010. Representation of TU games by coalition production economies, Working Papers. Institute of Mathematical Economics, no.430, Bielefeld: Universität Bielefeld.
T. Inoue, Representation of TU games by coalition production economies, Working Papers. Institute of Mathematical Economics, vol. 430, Bielefeld: Universität Bielefeld, 2010.
Inoue, T.: Representation of TU games by coalition production economies. Working Papers. Institute of Mathematical Economics, 430. Universität Bielefeld, Bielefeld (2010).
Inoue, Tomoki. Representation of TU games by coalition production economies. Bielefeld: Universität Bielefeld, 2010. Working Papers. Institute of Mathematical Economics. 430.
Alle Dateien verfügbar unter der/den folgenden Lizenz(en):
Copyright Statement:
Dieses Objekt ist durch das Urheberrecht und/oder verwandte Schutzrechte geschützt. [...]
Volltext(e)
Access Level
OA Open Access
Zuletzt Hochgeladen
2019-09-06T08:57:54Z
MD5 Prüfsumme
c013e1540166b7233fe30549aeb8b0cb


Externes Material:
Neue Ausgabe
Beschreibung
Working Paper als Zeitschriftenartikel erschienen in "Journal of Mathematical Economics" 2012
Export

Markieren/ Markierung löschen
Markierte Publikationen

Open Data PUB

Suchen in

Google Scholar