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Working paper MWOODERS-98-04
Alexander Kovalenkov and Myrna Holtz Wooders, "An explicit bound on", 1997-02-11
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Abstract: We consider parameterized collections of games without side payments and determine a bound on epsilon so that all sufficiently large games in the collection have non-empty epsilon-cores. The required size of epsilon depends on: (a) the number of approximate player types and the accuracy of this approximation; (b) the size of approximately effective small groups; (c) the size of the bound on maximal per-capita payoffs achievable in coalitions; and (d) a measure on the extent to which the payoff sets of the games are bounded away from being ``flat.'' Our result makes explicit the relationship between the required size of epsilon for non-emptiness of the epsilon-core, the parameters describing the collection.

Keywords: cooperative games, games without side payments (NTU games), approximate cores, effective small groups, parameterized collections of games

JEL Classification: C10;C62;D71

Last updated on July 12, 2012