Strong core equivalence theorem in an atomless economy with indivisible commodities

Inoue T (2009) Working Papers. Institute of Mathematical Economics; 418.
Bielefeld: Universität Bielefeld.

Download
OA
Working Paper | Published | English
Abstract
We consider an atomless exchange economy with indivisible commodities. Every commodity can be consumed only in integer amounts. In such an economy, because of the indivisibility, the preference maximization does not imply the cost minimization. We prove that the strong core coincides with the set of cost-minimized Walras allocations which satisfy both the preference maximization and the cost minimization under the same price vector.
Publishing Year
ISSN
PUB-ID

Cite this

Inoue T. Strong core equivalence theorem in an atomless economy with indivisible commodities. Working Papers. Institute of Mathematical Economics. Vol 418. Bielefeld: Universität Bielefeld; 2009.
Inoue, T. (2009). Strong core equivalence theorem in an atomless economy with indivisible commodities (Working Papers. Institute of Mathematical Economics, 418). Bielefeld: Universität Bielefeld.
Inoue, T. (2009). Strong core equivalence theorem in an atomless economy with indivisible commodities. Working Papers. Institute of Mathematical Economics, 418, Bielefeld: Universität Bielefeld.
Inoue, T., 2009. Strong core equivalence theorem in an atomless economy with indivisible commodities, Working Papers. Institute of Mathematical Economics, no.418, Bielefeld: Universität Bielefeld.
T. Inoue, Strong core equivalence theorem in an atomless economy with indivisible commodities, Working Papers. Institute of Mathematical Economics, vol. 418, Bielefeld: Universität Bielefeld, 2009.
Inoue, T.: Strong core equivalence theorem in an atomless economy with indivisible commodities. Working Papers. Institute of Mathematical Economics, 418. Universität Bielefeld, Bielefeld (2009).
Inoue, Tomoki. Strong core equivalence theorem in an atomless economy with indivisible commodities. Bielefeld: Universität Bielefeld, 2009. Working Papers. Institute of Mathematical Economics. 418.
Main File(s)
File Name
Access Level
OA Open Access
Last Uploaded
2016-01-19T16:02:55Z

This data publication is cited in the following publications:
This publication cites the following data publications:

Export

0 Marked Publications

Open Data PUB

Search this title in

Google Scholar