Convex vNM-stable sets for a semi orthogonal game. Part II: Rich central commodity
Bielefeld University, Center for Mathematical Economics (IMW) ; Center for Mathematical Economics, 2014
Online
academicJournal
Zugriff:
This paper constitutes the second part in a series dealing with vNM-Stable sets for (cooperative) linear production games with a continuum of players, see [2]. The coalitional function is generated by r + 1 production factors (non atomic measures). R factors are given by orthogonal probabilities (cornered production factors) while factor r + 1^th is provided across the corners of the market. We consider convex vNM-Stable Sets of this game. Within the second part we present an economy reflecting relative abundance of the central commodity. In this situation the model allows for a vNM-Stable Set including but not equal to the core of the game. Rather there is an additional imputation such that the vNM-Stable Set is the convex hull of this imputation and the core. This imputation is essentially described by the density of the r + 1^st production factor - mutatis mutandis.
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Convex vNM-stable sets for a semi orthogonal game. Part II: Rich central commodity
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Autor/in / Beteiligte Person: | Rosenmüller, Joachim |
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Veröffentlichung: | Bielefeld University, Center for Mathematical Economics (IMW) ; Center for Mathematical Economics, 2014 |
Medientyp: | academicJournal |
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