Egalitarian solutions of large games .1. A continuum of players

被引:5
|
作者
Hart, S
MasColell, A
机构
[1] HEBREW UNIV JERUSALEM,CTR RAT & INTERACT DECIS THEORY,IL-91904 JERUSALEM,ISRAEL
[2] HARVARD UNIV,DEPT ECON,CAMBRIDGE,MA 02138
[3] UNIV POMPEU FABRA,DEPT ECON,BARCELONA,SPAIN
关键词
cooperative games; value; egalitarian; large games; partial differential equations; variational problems;
D O I
10.1287/moor.20.4.959
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
This is the first of two papers devoted to the study of egalitarian solutions for nontransferable utility (NTU) games with a large number of players. This paper is concerned with the construction of egalitarian solutions for the limit Situation with a continuum of players. We build on the concept of the Potential introduced in Hart and Mas-Colell (1989) and exploit partial differential equations techniques. In particular, we associate to the egalitarian solutions a variational problem which may be viewed as a generalization-to the nontransferable utility context-of the diagonal principle of Aumann and Shapley (1974) in the transferable utility setting.
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页码:959 / 1002
页数:44
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