Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9727370 | Mathematical Social Sciences | 2005 | 19 Pages |
Abstract
We show that, in cooperative production games, when the production functions are not concave, the core may well be empty. However, as the number of players increases (subject to some regularity conditions), the relative deficit obtained by using concavified functions decreases to zero. Furthermore, differentiability of the functions will cause the absolute deficit to go to zero.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Sjur FlÃ¥m, Guillermo Owen, Martha Saboyá,