Citation:
Leviatan, Sigal . “Consistent Values And The Core In Continuum Market Games With Two Types”. Discussion Papers 1998. Web.
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.