Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely indivisible commodities only (Q2387408)
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scientific article; zbMATH DE number 2201754
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| English | Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely indivisible commodities only |
scientific article; zbMATH DE number 2201754 |
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Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely indivisible commodities only (English)
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2 September 2005
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Introducing a suitable core concept the author gives a core equivalence theorem for the considered economies. The associated equilibrium price vector is obtained by a new separation theorem, the proof of which uses results of Gordan's well-known paper from 1873. A good readable discussion of the literature and several explaining examples can be found in this paper.
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Indivisible commodities
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Core equivalence
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Atomless exchange economy
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Separation theorem
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0.8936032056808472
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0.8385195732116699
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0.8342993855476379
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0.8311614990234375
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