Convex Games Versus Clan Games

Abstract

In this paper we provide characterizations of convex games and total clan games by using properties of their corresponding marginal games. We show that a "dualize and restrict" procedure transforms total clan games with zero worth for the clan into monotonic convex games. Furthermore, each monotonic convex game generates a total clan game with zero worth for the clan by a "dualize and extend" procedure. These procedures are also useful for relating core elements and elements of the Weber set of the corresponding games.

Keywords: Convex Games, Core, Dual Games, Marginal Games, Total Clan Games, Weber Set

JEL Classification: C71