Indivisible commodities and an equivalence theorem on the strong core

Inoue T (2009) Working Papers. Institute of Mathematical Economics; 417.
Bielefeld: Universität Bielefeld.

Download
OA
Working Paper | Published | English
Abstract
We consider a pure exchange economy with finitely many indivisible commodities that are available only in integer quantities. We prove that in such an economy with a sufficiently large number of agents, but finitely many agents, the strong core coincides with the set of cost-minimized Walras allocations. Because of the indivisibility, the preference maximization does not imply the cost minimization. A cost-minimized Walras equilibrium is a state where, under some price vector, all agents satisfy both the preference maximization and the cost minimization.
Publishing Year
ISSN
PUB-ID

Cite this

Inoue T. Indivisible commodities and an equivalence theorem on the strong core. Working Papers. Institute of Mathematical Economics. Vol 417. Bielefeld: Universität Bielefeld; 2009.
Inoue, T. (2009). Indivisible commodities and an equivalence theorem on the strong core (Working Papers. Institute of Mathematical Economics, 417). Bielefeld: Universität Bielefeld.
Inoue, T. (2009). Indivisible commodities and an equivalence theorem on the strong core. Working Papers. Institute of Mathematical Economics, 417, Bielefeld: Universität Bielefeld.
Inoue, T., 2009. Indivisible commodities and an equivalence theorem on the strong core, Working Papers. Institute of Mathematical Economics, no.417, Bielefeld: Universität Bielefeld.
T. Inoue, Indivisible commodities and an equivalence theorem on the strong core, Working Papers. Institute of Mathematical Economics, vol. 417, Bielefeld: Universität Bielefeld, 2009.
Inoue, T.: Indivisible commodities and an equivalence theorem on the strong core. Working Papers. Institute of Mathematical Economics, 417. Universität Bielefeld, Bielefeld (2009).
Inoue, Tomoki. Indivisible commodities and an equivalence theorem on the strong core. Bielefeld: Universität Bielefeld, 2009. Working Papers. Institute of Mathematical Economics. 417.
Main File(s)
File Name
Access Level
OA Open Access
Last Uploaded
2016-01-19T16:02:38Z

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