The core of a class of non-atomic games which arise in economic applications

The core of a class of non-atomic games which arise in economic applications

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Article ID: iaor20001676
Country: Germany
Volume: 28
Issue: 1
Start Page Number: 1
End Page Number: 14
Publication Date: Jan 1999
Journal: International Journal of Game Theory
Authors: , ,
Abstract:

We study the core of a non-atomic game υ which is uniformly continuous with respect to the DNA-topology and continuous at the grand coalition. Such a game has a unique DNA-continuous extension υ on the space B1 of ideal sets. We show that if the extension υ is concave then the core of the game υ is non-empty iff υ is homogeneous of degree one along the diagonal of B1. We use this result to obtain representation theorems for the core of a non-atomic game of the form υ = f ○ μ where μ is a finite dimensional vector of measures and f is a concave function. We also apply our results to some non-atomic games which occur in economic applications.

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