The coalitional approach to core theory (Q1098750): Difference between revisions
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scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | The coalitional approach to core theory |
scientific article |
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The coalitional approach to core theory (English)
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1987
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The Core-Walras Equivalence is examined in a finite or infinite economy in which the competitive gap is bounded by the size of the atoms in the economy. The economy is represented by a Boolean algebra of coalitions, and coalitions rather than individual agents are taken as a primitive concept. Coaliation arbitrage plays the central role in our analysis.
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Core-Walras Equivalence
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finite or infinite economy
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competitive gap
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Boolean algebra of coalitions
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Coaliation arbitrage
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