The Number of Commodities Required to Represent a Market Game

نویسنده

  • SERGIU HART
چکیده

An n-person game with side payments that can arise from an economic market is called a market game. It is proved here that any n-person market game can be obtained from a market with at most n I commodities. Moreover, no smaller number will suffice in some cases (e.g., the unanimity game). This result is then applied to settle a question regarding market games with a continuum of traders. Journal a/Economic Literature Classification Numbers: 021, 022.

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تاریخ انتشار 1980