The number of commodities required to represent a market game

Sergiu Hart

doi:10.1016/0022-0531(82)90019-9

The number of commodities required to represent a market game

Sergiu Hart^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

4 Scopus citations

Abstract

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 - 1 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.

Original language	English
Pages (from-to)	163-169
Number of pages	7
Journal	Journal of Economic Theory
Volume	27
Issue number	1
DOIs	https://doi.org/10.1016/0022-0531(82)90019-9
State	Published - Jun 1982
Externally published	Yes

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10.1016/0022-0531(82)90019-9

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The number of commodities required to represent a market game

Abstract

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