The Core of Large TU Games
For non-atomic TU games nu satisfying suitable conditions, the core can be determined by computing appropriate derivatives of nu. Further, such computations yield one of two stark conclusions: either core(nu) is empty or it consists of a single measure that can be expressed explicitly in terms of derivatives of $\nu $. In this sense, core theory for a class of games may be reduced to calculus.
|Date of creation:||Apr 2000|
|Date of revision:|
|Contact details of provider:|| Postal: University of Rochester, Center for Economic Research, Department of Economics, Harkness 231 Rochester, New York 14627 U.S.A.|
References listed on IDEAS
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- Larry G. Epstein, 1999. "A Definition of Uncertainty Aversion," Review of Economic Studies, Oxford University Press, vol. 66(3), pages 579-608.
- Diego Moreno & Benyamin Shitovitz & Ezra Einy, 1999. "The core of a class of non-atomic games which arise in economic applications," International Journal of Game Theory, Springer, vol. 28(1), pages 1-14.
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"Subjective Probability and Expected Utility without Additivity,"
Econometric Society, vol. 57(3), pages 571-87, May.
- David Schmeidler, 1989. "Subjective Probability and Expected Utility without Additivity," Levine's Working Paper Archive 7662, David K. Levine.
- Hart, Sergiu & Neyman, Abraham, 1988. "Values of non-atomic vector measure games : Are they linear combinations of the measures?," Journal of Mathematical Economics, Elsevier, vol. 17(1), pages 31-40, February.
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