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The Core Can Be Accessed in a Bounded Number of Steps

Abstract

This paper strengthens the result of Sengupta and Sengupta (1996). We show that for the class of games with nonempty cores the core can be reached in a bounded number of proposals and counterproposals. Our result is more general than this: the boundedness holds for any two imputations with an indirect dominance relation between them.dynamic cooperative game, indirect dominance, core.

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Last time updated on 31/08/2012

This paper was published in Research Papers in Economics.

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