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Core and value for a public-goods economy: An example |
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| Authors: | R.J Aumann R.J Gardner R.W Rosenthal |
| Affiliation: | Department of Mathematics Hebrew University Jerusalem, Israel;Department of Economics Iowa State University Ames, IowaUSA;Bell Laboratories Murray Hill, New Jersey 07974 USA |
| Abstract: | An example of a public-goods economy with a continuum of agents is presented in which the Shapley value does not lie in the core. |
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