Stabilization through taxation inn-person games |
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Authors: | Y K Kwon P L Yu |
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Institution: | (1) Graduate School of Business, The University of Texas, Austin, Texas;(2) Present address: School of Business, University of Kansas, Lawrence, Kansas |
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Abstract: | In formulating solutions forn-person cooperative games, the concept of stability has played a dominant role. Although the core concept has the strongest stability, the core of a game is often empty. In this paper, the taxation system is incorporated into our framework, so that a modified solution concept, which enjoys the stability of core, can be developed. Various formulations based on principles such astaxation proportional to income andequity after tax are given. |
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Keywords: | n-person games stability grand coalition taxation systems nondominated imputation multicriteria framework |
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