Measuring the set of blocking coalitions in infinite dimensional economies (Q5944942)
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scientific article; zbMATH DE number 1655697
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English | Measuring the set of blocking coalitions in infinite dimensional economies |
scientific article; zbMATH DE number 1655697 |
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Measuring the set of blocking coalitions in infinite dimensional economies (English)
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20 June 2002
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The referred paper deals with the properties of continuum economies with an infinite dimensional space of commodities. The main attention is paid to the classical equivalence between Walras equilibria of such economy and the core of certain type of a cooperative game. The measure of the set of coalitions that block a non-cooperative Pareto optimal allocation is found. The relation between coalitions of a continuum economy with a finite number of types, and fuzzy coalitions of an economy with finitely agents is used to transfer the previous result into the measure of blocking fuzzy coalitions. Both results imply the core-Walras equivalence theorems mentioned above. In addition, the concept and measure of blocking ``social communication structures'' is determined on the basis of the main results.
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market
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Walras equilibrium
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coalitional game
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core of a game
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infinite dimensional economy
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fuzzy coalition
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