The Core of Large Differentiable TU Games |
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| Authors: | Larry G. Epstein Massimo Marinacci |
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| Affiliation: | Department of Economics, University of Rochester, Rochester, New York, 14627, f1;Dipartimento di Statistica e Matematica Applicata, Università di Torino, Italy, f2 |
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| Abstract: | For suitable non-atomic TU games ν, the core can be determined by computing appropriate derivatives of ν, yielding one of two stark conclusions: either core(ν) is empty or it consists of a single measure that can be expressed explicitly in terms of derivatives of ν. In this sense, core theory for a class of games may be reduced to calculus. Journal of Economic Literature Classification Number: C71. |
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| Keywords: | core transferable utility games large games non-atomic games market games exchange economies calculus derivatives |
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