A note on solution concepts for nontransferable utility games

Research output: Contribution to journalArticlepeer-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 languageEnglish (US)
Pages (from-to)777-780
Number of pages4
JournalJournal of Mathematical Economics
Volume47
Issue number6
DOIs
StatePublished - Dec 2011

ASJC Scopus subject areas

  • Economics and Econometrics
  • Applied Mathematics

Fingerprint Dive into the research topics of 'A note on solution concepts for nontransferable utility games'. Together they form a unique fingerprint.

Cite this