When Do Market Games Have Transferable Utility
dc.contributor.author | Bergstrom, Theodore C. | en_US |
dc.contributor.author | Varian, Hal R. | en_US |
dc.date.accessioned | 2013-11-14T23:23:06Z | |
dc.date.available | 2013-11-14T23:23:06Z | |
dc.date.issued | 1983 | en_US |
dc.identifier.other | MichU DeptE CenREST RSQE D53 | en_US |
dc.identifier.other | D510 | en_US |
dc.identifier.other | E210 | en_US |
dc.identifier.other | D110 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/101110 | |
dc.description.abstract | A pure exchange economy generates a “market game†in which the allocations achievable by any coalition are determined by the initial endowments of its members. Subject to certain regularity conditions, it is shown that for a market game it is possible to find utility representations for each consumer so that the game can be treated as a game with transferable utility if and only if indirect utility of all consumers can be represented in the Gorman polar form. This is the class for which aggregate demand behaves as if it were the demand of a single consumer. | en_US |
dc.description.sponsorship | Center for Research on Economic and Social Theory, Research Seminar in Quantitative Economics, Department of Economics, University of Michigan | en_US |
dc.relation.ispartofseries | Discussion Paper | en_US |
dc.subject | Market Game | en_US |
dc.subject | Gorman Polar Form | en_US |
dc.subject | Aggregate Demand | en_US |
dc.subject.other | Exchange and Production Economies | en_US |
dc.subject.other | Consumer Economics: Theory | en_US |
dc.subject.other | Macroeconomics: Consumption | en_US |
dc.subject.other | Saving | en_US |
dc.subject.other | Wealth | en_US |
dc.title | When Do Market Games Have Transferable Utility | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Social Sciences | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/101110/1/ECON093.pdf | |
dc.owningcollname | Economics, Department of - Working Papers Series |
Files in this item
-
Economics, Department of - Working Papers Series
Working papers from the Department of Economics
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.