Econometrica: Nov 1985, Volume 53, Issue 6
An Axiomatization of Harsanyi's Nontransferable Utility Solution
Sergiu HartA set of axioms is proposed, which uniquely characterize the Harsanyi  solution for nontransferable utility (NTU) games. These axioms appear formally identical to those of Aumann for the Shapely ("@l-transfer") NTU value; the difference lies in the range of the two solutions. Further characterizations and comparisons between these two solution concepts are then presented.
Log In To View Full Content