Wooders, Myrna - Vanderbilt University Department of Economics - 2009
small groups of participants can realize almost all gains to coalition formation. The equivalence of games with many players …: (a) equivalence of the core and the set of competitive outcomes; (b) the Shapley value is contained in the core or … approximate cores; (c) the equal treatment property holds -- that is, both market equilibrium and the core treat similar players …