Template-type: ReDif-Paper 1.0
Author-Name: Gong, Doudou
Author-Name: Dietzenbacher, Bas
Author-workplace-name: RS: GSBE other - not theme-related research, QE Math. Economics & Game Theory
Title: Core bound reduced games and consistency
Abstract: The lower and upper exact core bounds describe the minimum and maximum individual payoffs with in the core of a balanced game, respectively. Based on these bounds, we introduce lower and upper core bound reduced games and study the relation with other reduced games. We axiomatically characterize new solutions for balanced games as unique core bound consistent extensions of the classical two-player principles unanimity, standardness, and constrained egalitarianism. We name<br/>these solutions core covers, equal gap values, and constrained equality values.
Classification-JEL: c71
Series: GSBE Research Memoranda
Creation-Date: 20250310
Number: 002
File-URL: https://cris.maastrichtuniversity.nl/ws/files/242872672/RM25002.pdf
File-Format: application/pdf
File-Size: 448382
Handle: Repec:unm:umagsb:2025002
DOI: 10.26481/umagsb.2025002