Consistent Values and the Core in Continuum Market Games with Two Types

Authors: 
Sigal Leviatan
Abstract: 

The consistent value is an extension of the Shapley value to the class of games with non-transferable utility In this paper, the consistent value will be characterized for market games with a continuum of players of 2 types. We will show that for such games the consistent value need not belong to the core, and conditions under which there is equivalence between the two concepts will be given.

Date: 
April, 1998
Published in: 
International Journal of Game Theory 31 (2003), 383-410
Number: 
171