(Sophisticated) stable sets in exchange economies (Q700126): Difference between revisions
From MaRDI portal
Added link to MaRDI item. |
Set profile property. |
||
| Property / MaRDI profile type | |||
| Property / MaRDI profile type: MaRDI publication profile / rank | |||
Normal rank | |||
Revision as of 01:01, 5 March 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | (Sophisticated) stable sets in exchange economies |
scientific article |
Statements
(Sophisticated) stable sets in exchange economies (English)
0 references
30 September 2002
0 references
Given a pure exchange economy, two spaces can be considered -- the allocation space and its corresponding utility space. The authors demonstrate that the von Neumann and Morgenstern stable set in the allocation space may differ from that in the corresponding utility space. They define a sophicated version of the von Neumann and Morgenstern stable set by following Harsanyi's idea and show that the solution with respect to these two spaces coincide.
0 references
von Neumann-Morgenstern stable set
0 references
NTU games
0 references
pure exchange economy
0 references
