Discriminatory Von Neumann-Morgenstern Solutions

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Discriminatory Von Neumann-Morgenstern Solutions

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Title: Discriminatory Von Neumann-Morgenstern Solutions
Author: Heijmans, J. G. C.
Abstract: The von Neumann-Morgenstern solution (vN-M solution) or stable set is arguably the most dynamic and flexible solution concept for cooperative games with side-payments. Perhaps the most striking phenomenon is that vN-M solutions often suggest intricate coalition formation processes and corresponding payoffs. Why this occurs is not well understood. On the other hand, vN-M solutions are difficult to find. This paper deals with the class of discriminatory vN-M solutions and presents results that give insights in the corresponding coalition formation process. A computationally effective procedure is presented to answer the decision problem whether or not a proposed set of imputations to a given game is a discriminatory vN-M solution.
Date: 1990-05

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