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Minimal balanced collections and their application to core stability and other topics of game theory.

Authors :
Laplace Mermoud, Dylan
Grabisch, Michel
Sudhölter, Peter
Source :
Discrete Applied Mathematics. Dec2023, Vol. 341, p60-81. 22p.
Publication Year :
2023

Abstract

Minimal balanced collections are a generalization of partitions of a finite set of n elements and have important applications in cooperative game theory and discrete mathematics. However, their number is not known beyond n = 4. In this paper we investigate the problem of generating minimal balanced collections and implement the Peleg algorithm, permitting to generate all minimal balanced collections till n = 7. Secondly, we provide practical algorithms to check many properties of coalitions and games, based on minimal balanced collections, in a way which is faster than linear programming-based methods. In particular, we construct an algorithm to check if the core of a cooperative game is a stable set in the sense of von Neumann and Morgenstern. The algorithm implements a theorem according to which the core is a stable set if and only if a certain nested balancedness condition is valid. The second level of this condition requires generalizing the notion of balanced collection to balanced sets. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
0166218X
Volume :
341
Database :
Academic Search Index
Journal :
Discrete Applied Mathematics
Publication Type :
Academic Journal
Accession number :
173233541
Full Text :
https://doi.org/10.1016/j.dam.2023.07.025