论文信息 - A Transfer Property of Equilibrium Payoffs in Economies with Land

A Transfer Property of Equilibrium Payoffs in Economies with Land

Abstract NTU-games and TU-games are often used as tools to analyze economic models. Legut et al. (1994) investigated the properties of TU-games associated with economies with "land." In this paper we especially give attention to the NTU-games connected with these kinds of economies. The main result is that equilibrium payoffs in the NTU-model are connected to equilibrium payoff in the TU-model by b-transfer, a concept introduced by Shapley (1969).

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