Stabilization through Taxation in N-Person Games
Publication Type
Journal Article
Publication Date
1977
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.
Discipline
Accounting | Applied Mathematics
Research Areas
Financial Intermediation and Information
Publication
Journal of Optimization Theory and Applications
Volume
23
Issue
2
First Page
277
Last Page
284
ISSN
1573-2878
Identifier
10.1007/bf00933052
Publisher
Springer
Citation
KWON, Young Koan and Yu, P. L..
Stabilization through Taxation in N-Person Games. (1977). Journal of Optimization Theory and Applications. 23, (2), 277-284.
Available at: https://ink.library.smu.edu.sg/soa_research/670
