The relative interior of the base polyhedron and the core

Authors
Citation
Jg. Zhao, The relative interior of the base polyhedron and the core, ECON THEORY, 18(3), 2001, pp. 635-648
Citations number
15
Categorie Soggetti
Economics
Journal title
ECONOMIC THEORY
ISSN journal
09382259 → ACNP
Volume
18
Issue
3
Year of publication
2001
Pages
635 - 648
Database
ISI
SICI code
0938-2259(200111)18:3<635:TRIOTB>2.0.ZU;2-7
Abstract
This note provides two necessary and sufficient conditions for the relative interior of the core (and the base polyhedron) to be non-empty: (i) the se cond largest excess of the prenucleolus is negative; (ii) the grand coaliti on's payoff is greater than the minimum no-blocking payoff. Such conditions imply an intuitive method in proving core existence, they also imply resul ts on the sensitivity of the base polyhedron and the core.