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Linearity of unrestrictedly transferable utilities

Robert Aumann

Naval Research Logistics Quarterly, 1960, vol. 7, issue 3, 281-284

Abstract: It is proved that for games with at least three players the assumption of unrestrictedly transferable utilities is equivalent to the assumption that the individual players' utilities are linear in money. This is not the case for two‐person games.

Date: 1960
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https://doi.org/10.1002/nav.3800070308

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