TY - JOUR
T1 - Asymptotic value of games with a continuum of players
AU - Hart, Sergiu
PY - 1977/3
Y1 - 1977/3
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=11244301410&partnerID=8YFLogxK
U2 - 10.1016/0304-4068(77)90016-7
DO - 10.1016/0304-4068(77)90016-7
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AN - SCOPUS:11244301410
SN - 0304-4068
VL - 4
SP - 57
EP - 80
JO - Journal of Mathematical Economics
JF - Journal of Mathematical Economics
IS - 1
ER -