Paper #167

Title:

An axiomatization of the prekernel of nontransferable utility games

Authors:

Roberto Serrano and Ken Ichi Shimomura

Date:

April 1996

Abstract:

We characterize the prekernel of NTU games by means of consistency, converse consistency, and five axioms of the Nash type on bilateral problems. The intersection of the prekernel and the core is also characterized with the same axioms over the class of games where the core is nonempty.

Keywords:

Prekernel, NTU games, consistency, converse consistency

JEL codes:

C71

Area of Research:

Microeconomics

Published in:

Journal of Economic Theory, 83, 286-3071998
With the title:
Beyond Nash Bargaining Theory: The Nash Set

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