Core and value for a public-goods economy: An example

R. J. Aumann; R. J. Gardner; R. W. Rosenthal

doi:10.1016/0022-0531(77)90110-7

Core and value for a public-goods economy: An example

R. J. Aumann^*
, R. J. Gardner
, R. W. Rosenthal

^*Corresponding author for this work

Einstein Institute of Mathematics

Research output: Contribution to journal › Comment/debate

4 Scopus citations

Abstract

An example of a public-goods economy with a continuum of agents is presented in which the Shapley value does not lie in the core.

Original language	English
Pages (from-to)	363-365
Number of pages	3
Journal	Journal of Economic Theory
Volume	15
Issue number	2
DOIs	https://doi.org/10.1016/0022-0531(77)90110-7
State	Published - Aug 1977

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title = "Core and value for a public-goods economy: An example",

abstract = "An example of a public-goods economy with a continuum of agents is presented in which the Shapley value does not lie in the core.",

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Core and value for a public-goods economy: An example

Abstract

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