Characterizations of the Egalitarian Solution for Convex Games
Tilburg University, CentER Discussion Paper Series No. 1998-33
Posted: 2 Dec 1998
Date Written: 1998
The egalitarian solution for TU-games as introduced by Dutta and Ray  is studied. Two characterizations of the restriction of this solution to the class of convex games are given, using weak variants of the reduced game properties of Hart and Mas-Colell  and Davis and Maschler . The other properties are a stability property, inspired by Selten , and a property restricting maximum payoffs. Further, a dual egalitarian solution is introduced and it is proved that for a convex game the egalitarian allocation is equal to the dual egalitarian llocation for its dual concave game.
JEL Classification: C71
Suggested Citation: Suggested Citation