G-continuity, impatience and G-cores of exact games
Alain Chateauneuf () and
Caroline Ventura ()
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Caroline Ventura: Centre d'Economie de la Sorbonne, https://centredeconomiesorbonne.univ-paris1.fr
Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne
This paper is concerned with real valued set functions defined on the set of Borel sets of a locally compact ?-compact topological space ?. The first part characterizes the strong and weak impatience in the context of discrete and continuous time flows of income (consumption) valued through a Choquet integral with respect to an (exact) capacity. We show that the impatience of the decision maker translates into continuity properties of the capacity. In the second part, we recall the generalization given by Rébillé  of the Yosida-Hewitt decomposition of an additive set function into a continuous part and a pathological part and use it to give a characterization of those convex capacities whose core contains at least one G-continuous measure. We then proceed to characterize the exact capacities whose core contains only G-continuous measures. As a dividend, a simple characterization of countably additive Borel probabilities on locally compact ?-compact metric spaces is obtained
Keywords: Impatience; exact and convex capacities; G-cores; ?-cores; Yosida-Hewitt decomposition (search for similar items in EconPapers)
JEL-codes: D81 (search for similar items in EconPapers)
Pages: 27 pages
New Economics Papers: this item is included in nep-gth
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Working Paper: G-continuity, impatience and G-cores of exact games (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:09081
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