The continuity of the Aumann-Shapley price mechanism

Leonard J. Mirman; Y. Tauman

doi:10.1016/0304-4068(82)90029-5

The continuity of the Aumann-Shapley price mechanism

Leonard J. Mirman
, Y. Tauman

Economics

University of Illinois at Urbana-Champaign

Research output: Contribution to journal › Article › peer-review

3 Scopus citations

Abstract

In this paper we show, under quite weak assumptions on the cost function, that the Aumann-Shapley price mechanism is continuous with respect to the quantities consumed. The proof uses the theory of non-atomic games.

Original language	English
Pages (from-to)	235-249
Number of pages	15
Journal	Journal of Mathematical Economics
Volume	9
Issue number	3
DOIs	https://doi.org/10.1016/0304-4068(82)90029-5
State	Published - Mar 1982

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title = "The continuity of the Aumann-Shapley price mechanism",

abstract = "In this paper we show, under quite weak assumptions on the cost function, that the Aumann-Shapley price mechanism is continuous with respect to the quantities consumed. The proof uses the theory of non-atomic games.",

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The continuity of the Aumann-Shapley price mechanism

Abstract

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