Abstract
Three aspects of the application of the game theoretic concept of “value” to non-atomic economies — such as markets or production — are studied: first, the relation between value and equilibria; second, the problems of existence and non-existence of value; and third, a new way of defining value for these games, in order to guarantee its existence, which leads to interesting economic interpretations.
1) This work was supported by National Science Foundation Grant SOC75–21820 at the Institute for Mathematical Studies in the Social Sciences, Stanford University. Presented at the International Conference on Applied Game Theory, Vienna, June 1978.
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© 1979 Springer-Verlag Berlin Heidelberg
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Hart, S. (1979). Values of Large Market Games. In: Brams, S.J., Schotter, A., Schwödiauer, G. (eds) Applied Game Theory. Physica, Heidelberg. https://doi.org/10.1007/978-3-662-41501-6_11
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DOI: https://doi.org/10.1007/978-3-662-41501-6_11
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