Asymptotic value of games with a continuum of players

Sergiu Hart*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

11 Scopus citations

Abstract

We investigate the asymptotic value for a class of non-atomic games, which includes all those arising from markets with a continuum of traders. The main result is the following: the asymptotic value, if it exists, is the center of symmetry of the core. This implies that the value is a member of the core, and it gives a necessary condition for its existence. The sufficiency of this condition for the existence of the value is also studied.

Original languageEnglish
Pages (from-to)57-80
Number of pages24
JournalJournal of Mathematical Economics
Volume4
Issue number1
DOIs
StatePublished - Mar 1977
Externally publishedYes

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