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ralph lauren polo

Ori Haimanko
''Payoffs in Non-Differentiable Perfectly Competitive TU Economies''
( 2001, Vol. 28 No.8 )
We show that a single-valued solution of non-atomic finite-type market games (or perfectly competitive TU economies underlying them) is uniquely determined as the Mertens value by four plausible value-related axioms. Since the Mertens value is always in the core of an economy, this result provides an axiomatization of a core-selection (or, alternatively, a competitive payoff selection).
Manuscript Received : Apr 01 2001 Manuscript Accepted : Apr 01 2001

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