Stabilization through Taxation in N-Person Games
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.
Accounting | Applied Mathematics
Financial Intermediation and Information
Journal of Optimization Theory and Applications
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. Research Collection School Of Accountancy.
Available at: http://ink.library.smu.edu.sg/soa_research/670