Value Theory without Efficiency.
CORNELL UNIV ITHACA N Y SCHOOL OF OPERATIONS RESEARCH AND INDUSTRIAL ENGINEERING
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An axiomatic study of value theory without efficiency is presented. A characterization of the class of operators that is obtained by omitting from the values axioms the one about efficiency is given. This is done for the finite case as well as for some important spaces of non atomic games.
- Economics and Cost Analysis
- Statistics and Probability