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When Do Market Games Have Transferable Utility?
Journal of Economic Theory (1985)
  • Ted Bergstrom, University of California, Santa Barbara
  • Hal Varian, University of California, Berkeley

A question with a nice clean answer. When do market games have transferable utility? Subject to some regularity conditions, the answer is if and only if indirect utility can be represented in the Gorman polar form.

  • market games,
  • transferable utility,
  • Gorman polar form,
  • aggregation
Publication Date
April, 1985
Citation Information
Ted Bergstrom and Hal Varian. "When Do Market Games Have Transferable Utility?" Journal of Economic Theory Vol. 35 (1985)
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