The Stable Demand Set General Characterization and Application to Majority Games

نویسندگان

  • Massimo Morelli
  • Maria Montero
  • Jean-Francois Mertens
  • Anne van den Nouweland
  • Alex Possajennikov
  • Roberto Serrano
  • Marco Slikker
چکیده

The cooperative solution concept introduced here, the Stable Demand Set, contains the Core and is included in the Zhou Bargaining Set, eliminating the “dominated” coalition structures. The demand vectors belonging to the Stable Demand Set are self-stable. In the class of constant-sum homogeneous weighted majority games the Stable Demand Set is non-empty and predicts a unique stable demand vector, namely a proportional distribution within minimal winning coalitions. The noncooperative implementation of the Stable Demand Set is obtained for all the games that satisfy the one-stage property.

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تاریخ انتشار 2001