Core allocations may not be Walras allocations in any large finite economy with indivisible commodities

Inoue T (2009) Working Papers. Institute of Mathematical Economics; 419.
Bielefeld: Universität Bielefeld.

Diskussionspapier | Veröffentlicht | Englisch
 
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Abstract / Bemerkung
We consider an exchange economy where every commodity can be consumed only in integer amounts. Inoue [Inoue, T., 2005. Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely indivisible commodities only. Journal of Mathematical Economics 41, 571-601] proved that in such an economy with a continuum of agents, the core coincides with the set of Walras allocations. We show that this equivalence holds only in an atomless economy by giving two examples of the sequence of replica economies such that in any replica economy, there exists a core allocation that is not a Walras allocation.
Stichworte
Cost-minimized Walras equilibrium; Strong core; Core; Walras equilibrium; Indivisible commodities
Erscheinungsjahr
2009
Band
419
ISSN
0931-6558
Page URI
https://pub.uni-bielefeld.de/record/2316421

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Inoue T. Core allocations may not be Walras allocations in any large finite economy with indivisible commodities. Working Papers. Institute of Mathematical Economics. Vol 419. Bielefeld: Universität Bielefeld; 2009.
Inoue, T. (2009). Core allocations may not be Walras allocations in any large finite economy with indivisible commodities (Working Papers. Institute of Mathematical Economics, 419). Bielefeld: Universität Bielefeld.
Inoue, T. (2009). Core allocations may not be Walras allocations in any large finite economy with indivisible commodities. Working Papers. Institute of Mathematical Economics, 419, Bielefeld: Universität Bielefeld.
Inoue, T., 2009. Core allocations may not be Walras allocations in any large finite economy with indivisible commodities, Working Papers. Institute of Mathematical Economics, no.419, Bielefeld: Universität Bielefeld.
T. Inoue, Core allocations may not be Walras allocations in any large finite economy with indivisible commodities, Working Papers. Institute of Mathematical Economics, vol. 419, Bielefeld: Universität Bielefeld, 2009.
Inoue, T.: Core allocations may not be Walras allocations in any large finite economy with indivisible commodities. Working Papers. Institute of Mathematical Economics, 419. Universität Bielefeld, Bielefeld (2009).
Inoue, Tomoki. Core allocations may not be Walras allocations in any large finite economy with indivisible commodities. Bielefeld: Universität Bielefeld, 2009. Working Papers. Institute of Mathematical Economics. 419.
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