Indivisible commodities and an equivalence theorem on the strong core

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

Diskussionspapier | Veröffentlicht | Englisch
 
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Abstract / Bemerkung
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.
Stichworte
Cost-minimized Walras equilibrium; Core equivalence; Indivisible commodities; Strong core
Erscheinungsjahr
2009
Band
417
ISSN
0931-6558
Page URI
https://pub.uni-bielefeld.de/record/2316412

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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.
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2019-09-06T08:57:54Z
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