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We characterize convex vNM-Stable Sets according to von Neumann and Morgenstern for orthogonal linear production games with a continuum of players. The results of [Rosenmüller & Shitovitz, International Journal of Game Theory 29 (2000)] are thereby substantially improved. Simultaneously, this...
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We discuss linear production games or market games with a continuum of players which are represented as minima of finitely many nonatomic measures. Within this contex we consider vNM-Stable Sets according to von Neumann and Morgenstern. It is shown that we can classify or characterize all...
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Using a mixed market model for analyzing imperfectly competitive economies, we maximize the oligopolists'vVelfare Function, given individual rationality and feasibility constraints. We prove that solutions belong to the core for a large class of economies.This class includes, in particular,...
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