Values of Large Market Games
Sergiu Hart
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.
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Applied Game Theory, Steven J. Brams, Andrew Schotter and
Gerhard Schwödiauer
(editors), Physica-Verlag (1979), 187-197