A note on solution concepts for nontransferable utility games

Raul P. Lejano

doi:10.1016/j.jmateco.2011.10.001

A note on solution concepts for nontransferable utility games

Raul P. Lejano

Research output: Contribution to journal › Article › peer-review

Abstract

While many game-theoretic solution concepts pertain to conditions of transferable utility (TU), market transactions and other exchanges generally occur under nontransferable utility (NTU). Extant solutions translate TU solution concepts to the NTU case by utilizing endogenously determined utility weight vectors, which can violate notions of equity. A new solution procedure is developed that resolves this longstanding problem, and an existence proof is provided.

Original language	English (US)
Pages (from-to)	777-780
Number of pages	4
Journal	Journal of Mathematical Economics
Volume	47
Issue number	6
DOIs	https://doi.org/10.1016/j.jmateco.2011.10.001
State	Published - Dec 2011

ASJC Scopus subject areas

Economics and Econometrics
Applied Mathematics

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10.1016/j.jmateco.2011.10.001

Cite this

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title = "A note on solution concepts for nontransferable utility games",

abstract = "While many game-theoretic solution concepts pertain to conditions of transferable utility (TU), market transactions and other exchanges generally occur under nontransferable utility (NTU). Extant solutions translate TU solution concepts to the NTU case by utilizing endogenously determined utility weight vectors, which can violate notions of equity. A new solution procedure is developed that resolves this longstanding problem, and an existence proof is provided.",

author = "Lejano, {Raul P.}",

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A note on solution concepts for nontransferable utility games

Abstract

ASJC Scopus subject areas

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