A Survey of Solution Concepts for Majority Rule Games.

Robert Shishko

ResearchPublished 1974

Much of the recent literature on the theory of games has focused on the contributions of that subject to problems of an economic nature, with attempts to bring together and compare a number of solution concepts relevant to a particular class of economic games. The primary purpose of this paper is to present and elaborate upon some of the game-theoretic solution concepts applicable to [n]-person majority rule games. Among the solution concepts discussed are the core--the set of outcomes that leaves no coalition in a position to improve the payoff of all its members--the epsilon core, the Shapley value, the bargaining set, and the epsilon-bargaining set. The latter is a new solution concept, presented for the first time in this paper, which may be a step in the development of a theory of majority rule games. 34 pp. Bibliog.

Order a Print Copy

Format
Paperback
Page count
34 pages
List Price
$20.00
Buy link
Add to Cart

Document Details

  • Copyright: RAND Corporation
  • Availability: Available
  • Year: 1974
  • Print Format: Paperback
  • Paperback Pages: 34
  • Paperback Price: $20.00
  • Document Number: P-5169

Citation

RAND Style Manual
Shishko, Robert, A Survey of Solution Concepts for Majority Rule Games. RAND Corporation, P-5169, 1974. As of September 12, 2024: https://www.rand.org/pubs/papers/P5169.html
Chicago Manual of Style
Shishko, Robert, A Survey of Solution Concepts for Majority Rule Games. Santa Monica, CA: RAND Corporation, 1974. https://www.rand.org/pubs/papers/P5169.html. Also available in print form.
BibTeX RIS

This publication is part of the RAND paper series. The paper series was a product of RAND from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.

RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.