Economics, Econometrics and Finance
3 years ago

New core concept revolutionizes cooperative games, ensuring fair and profitable outcomes.

Mathematical Social Sciences
The unbinding core for coalitional form games
Takaaki Abe, Yukihiko Funaki

Paper Summary

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The unbinding core is a new concept in cooperative games that looks at all possible profitable allocations, not just one. It includes the traditional core as a subset. The researchers found a condition for the unbinding core to be nonempty.