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On the Equal Division Core

Bhattacharya, A. (2004) On the Equal Division Core. Social Choice and Welfare, 22 (22). pp. 391-399. ISSN 0176-1714

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The Equal Division Core (EDC) of a transferable utility cooperative game (TU game) is the set of efficient pay-off vectors for the grand coalition which are not blocked by the equal division allocation for any sub-coalition. Our objective is to provide an axiomatic characterization of the EDC as a solution of TU games.

This is revised version of a part of Chapt. 3 of my Ph.D. dissertation. Beginning with suggesting the problem, my supervisor Bhaskar Dutta extended his unstinting help in every step of this pursuit without which this work could not have been possible. I have also much benefitted from the comments and suggestions from the responsible editor, two anonymous referees, Hervé Moulin and seminar participants at Bilkent and Bonn Universities (especially from the detailed comments of Reinhard Selten). Of course, the shortcomings remaining are mine. Somdeb Lahiri, Anjan Mukherji and T. Yamato have been kind enough to make certain literature accessible to me.

Research fellowships from the Indian Statistical Institute and CNRS, France and hospitality at GEMMA, Universite de Caen are gratefully acknowledged.

Item Type: Article
Institution: The University of York
Academic Units: The University of York > Economics and Related Studies (York)
Depositing User: York RAE Import
Date Deposited: 12 Feb 2009 17:57
Last Modified: 12 Feb 2009 17:57
Published Version: http://dx.doi.org/10.1007/s00355-003-0221-2
Status: Published
Publisher: Springer Science + Business Media
Identification Number: 10.1007/s00355-003-0221-2
URI: http://eprints.whiterose.ac.uk/id/eprint/7462

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