Cores and clubs

Abstract

The analysis of a world of equals model, while admittedly unrealistic, did yield several new and interesting theorems, especially theorems 4, 5, and 6. The tendencies described by these models continue to hold in some cases in which populations are not perfectly homogeneous. One may conjecture that they also hold for other non-homogeneous cases. Copyright Center for Study of Public Choice Virginia Polytechnic Institute 1970