Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/97219 
Year of Publication: 
2014
Series/Report no.: 
Center for Mathematical Economics Working Papers No. 498
Publisher: 
Bielefeld University, Center for Mathematical Economics (IMW), Bielefeld
Abstract: 
This paper constitutes the second part in a series dealing with vNM-Stable sets for (cooperative) linear production games with a continuum of players, see [2]. The coalitional function is generated by r + 1 production factors (non atomic measures). R factors are given by orthogonal probabilities (cornered production factors) while factor r + 1h is provided across the corners of the market. We consider convex vNM-Stable Sets of this game. Within the second part we present an economy reflecting relative abundance of the central commodity. In this situation the model allows for a vNM-Stable Set including but not equal to the core of the game. Rather there is an additional imputation such that the vNM-Stable Set is the convex hull of this imputation and the core. This imputation is essentially described by the density of the r + 1t production factor - mutatis mutandis.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
296.46 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.