English, Article edition: A NOTE ON LUENBERGER'S ZERO-MAXIMUM PRINCIPLE FOR CORE ALLOCATIONS JEAN-MICHEL COURTAULT; BERTRAND CRETTEZ; NAILA HAYEK

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Physical Description
  • article
Language
  • English

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Title
  • A NOTE ON LUENBERGER'S ZERO-MAXIMUM PRINCIPLE FOR CORE ALLOCATIONS
Author
  • JEAN-MICHEL COURTAULT
  • BERTRAND CRETTEZ
  • NAILA HAYEK
Physical Description
  • article
Notes
  • In this note, we state a zero-maximum principle for core allocations, a result which was foreseen by Luenberger (1995). We prove a generalization of the first-zero maximum theorem of Luenberger. Roughly said, an allocation is in the core if for every coalition, the sum of individual benefit functions is non-positive. We also provide some partial converses which give a generalization of the second-zero maximum theorem of Luenberger.
  • Zero-maximum principle, benefit functions, distributable surplus, core, JEL Classification Numbers: D51, JEL Classification Numbers: D61
  • RePEc:wsi:igtrxx:v:09:y:2007:i:03:p:453-460
Language
  • English
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