| Article ID: | iaor20041717 |
| Country: | Germany |
| Volume: | 31 |
| Issue: | 3 |
| Start Page Number: | 383 |
| End Page Number: | 410 |
| Publication Date: | Jan 2002 |
| Journal: | International Journal of Game Theory |
| Authors: | Leviatan S. |
The consistent value is an extension of the Shapley value to the class of games with non-transferable utility. In this paper, the consistent value will be characterized for market games with a continuum of players of two types. We will show that for such games the consistent value need not belong to the core, and provide conditions under which there is equivalence between the two concepts.