Abstract
The Bondareva–Shapley condition is the most eminent necessary and sufficient condition for the core of a transferable utility game to be nonempty. In this paper, we provide a new necessary and sufficient condition. We show that a game has a nonempty core if and only if the game can be decomposed into some simple games.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have