x belongs to the core if and only if no coalition has a positive deficit, that is,

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x belongs to the core if and only if no coalition has a positive deficit, that is,
core = {x ∈ X : d(S, x) < 0 for every S ⊂ g

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Foundations of Mathematical Economics

ISBN: 978-0262531924

1st edition

Authors: Michael Carter

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Question Posted: May 02, 2016 11:33 AM

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x belongs to the core if and only if no coalition has a positive deficit, that is,

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Foundations of Mathematical Economics

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