The Market Value of a Game

Published: Mar 1, 1979
Abstract
A correspondence is observed between a class of n-person cooperative games and production functions with fixed, discrete factor inputs. This correspondence motivates a simple way of valuing the players (or factors): the players, or factor representatives, set prices on themselves in the face of a market of buyers. A noncooperative price-setting game results for which equilibrium prices always exist. Interpreted as a cooperative game it always...
Paper Details
Title
The Market Value of a Game
Published Date
Mar 1, 1979
Journal
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