TY - JOUR
T1 - A note on equivalence of consistency and bilateral consistency through converse consistency
AU - Driessen, Theo
AU - Hu, Cheng Cheng
N1 - Funding Information:
T. Driessen is in charge of correspondence and gratefully acknowledges a NSC-NWO-2005-scholarship funded by both the National Science Council (NSC) of Taiwan and The Netherlands Organization for Scientific Research (NWO).
PY - 2009/3
Y1 - 2009/3
N2 - In the framework of (set-valued or single-valued) solutions for coalitional games with transferable utility, the three notions of consistency, bilateral consistency, and converse consistency are frequently used to provide axiomatic characterizations of a particular solution (like the core, prekernel, prenucleolus, Shapley value). Our main equivalence theorem claims that a solution satisfies consistency (with respect to an arbitrary reduced game) if and only if the solution satisfies both bilateral consistency and converse consistency (with respect to the same reduced game). The equivalence theorem presumes transitivity of the reduced game technique as well as difference independence on payoff vectors for two-person reduced games.
AB - In the framework of (set-valued or single-valued) solutions for coalitional games with transferable utility, the three notions of consistency, bilateral consistency, and converse consistency are frequently used to provide axiomatic characterizations of a particular solution (like the core, prekernel, prenucleolus, Shapley value). Our main equivalence theorem claims that a solution satisfies consistency (with respect to an arbitrary reduced game) if and only if the solution satisfies both bilateral consistency and converse consistency (with respect to the same reduced game). The equivalence theorem presumes transitivity of the reduced game technique as well as difference independence on payoff vectors for two-person reduced games.
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U2 - 10.1016/j.geb.2008.01.011
DO - 10.1016/j.geb.2008.01.011
M3 - Article
AN - SCOPUS:59449086727
SN - 0899-8256
VL - 65
SP - 644
EP - 648
JO - Games and Economic Behavior
JF - Games and Economic Behavior
IS - 2
ER -