Title

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