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When Do Market Games Have Transferable Utility?

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Author Info
Ted Bergstrom (University of California, Santa Barbara)
Hal Varian (University of California, Berkeley)

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Abstract

A question with a nice clean answer. When do market games have transferable utility? Subject to some regularity conditions, the answer is if and only if indirect utility can be represented in the Gorman polar form.

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File URL: http://repositories.cdlib.org/cgi/viewcontent.cgi?article=1112&context=ucsbecon
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Publisher Info
Paper provided by Department of Economics, UC Santa Barbara in its series University of California at Santa Barbara, Economics Working Paper Series with number 1985A.

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Date of creation: 01 Apr 1985
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Handle: RePEc:cdl:ucsbec:1985a

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Related research
Keywords: market games; transferable utility; Gorman polar form; aggregation;

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  1. Elisabeth Gugl, 2007. "Almost transferable utility, changes in production possibilities, and the Nash Bargaining and the Kalai-Smorodinsky Solutions," Department Discussion Papers 0702, Department of Economics, University of Victoria. [Downloadable!]
  2. Bruno Deffains & Jean Mercier Ythier, 2009. "Optimal production of transplant care services," Working Papers of BETA 2009-19, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  3. Elisabeth Gugl & Justin Leroux, 2009. "Share the Gain, Share the Pain? Almost Transferable Utility, Changes in Production Possibilities, and Bargaining Solutions," Cahiers de recherche 0938, CIRPEE. [Downloadable!]
    Other versions:
  4. Elisabeth Gugl, 2007. "Share the Gain, Share the Pain? Almost Transferable Utility, Changes in Production Possibilities, and Bargaining Solutions," Department Discussion Papers 0705, Department of Economics, University of Victoria. [Downloadable!]
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This page was last updated on 2009-12-12.

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