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Values of Large Games II: Oceanic Games
J. W. Milnor, L. S. Shapley
Source abstract
A value theory is developed for voting games in which a sizable fraction or the total vote is controlled by a few major players and the rest is distributed among a continuous infinity of individually insignificant minor players. The latter are referred to collectively as an “ocean,” to suggest the total lack of order or cohesion that is assumed.
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