Citation:
Monderer, S. H., & Dov, . (1994). Potentials and Weighted Values of Non-Atomic Games. Discussion Papers. presented at the 8, Mathematics of Operations Research 22 (1997), 619-630. Retrieved from /files/ pot-w.html
Abstract:
The "potential approach" to value theory for finite games was introduced by Hart and Mas-Colell (1989). Here this approach is extended to non-atomic games. On appropriate spaces of differentiable games there is a unique potential operator, that generates the Aumann and Shapley (1974) value. As a corollary we obtain the uniqueness of the Aumann - Shapley value on certain subspaces of games. Next, the potential approach is applied to the weighted case, leading to "weighted non-atomic values". It is further shown that the asymptotic weighted value is well-defined, and that it coincides with the weighted value generated by the potential.