Representation of Epstein-Marinacci derivatives of absolutely continuous TU games

Francesca Centrone ()
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Francesca Centrone: Dipartimento di Studi per l''Economia e l''Impresa, Università del Piemonte Orientale

Economics Bulletin, 2016, vol. 36, issue 2, 1149-1159

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.

Keywords: Non-additive set functions; Shapley value; non-atomic games; derivatives of transferable utility (TU) games; Radon-Nikodym derivative; marginal contributions; production economy; General Equilibrium. (search for similar items in EconPapers)
JEL-codes: C0 C7 (search for similar items in EconPapers)
Date: 2016-06-11
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