Representation of Epstein-Marinacci derivatives of absolutely continuous TU games

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Abstract

We show that, for some classes of transferable utility (TU) games widely used in Game Theory and Mathematical Economics, Epstein and Marinacci derivatives have a natural representation in terms of a "generalized" Radon- Nikodym derivative. This has a straightforward interpretation in a General Equilibrium context, where marginal contributions can be seen as a fair way to reward each group of agents.
Original languageEnglish
Pages (from-to)1149-1159
Number of pages11
JournalEconomics Bulletin
Volume36
Issue number2
Publication statusPublished - 2016

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