Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely indivisible commodities only

DOI10.1016/J.JMATECO.2004.09.004MaRDI QIDQ2387408zbMATH OpenOpenAlexFDO

Authors Tomoki Inoue

Publication date 2 September 2005

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2004.09.004

zbMATH Keywords

Atomless exchange economyCore equivalenceIndivisible commoditiesSeparation theorem

Mathematics Subject Classification ID

Cooperative games (91A12) General equilibrium theory (91B50)

Review text

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.

Recommendations

• Indivisible commodities and an equivalence theorem on the strong core
• Core equivalence and welfare properties without divisible goods
• scientific article; zbMATH DE number 772611
• Strong Core and Competitive Equilibria of an Exchange Market with Indivisible Goods
• Core and competitive equilibria with indivisibilities

Cites work

• A Limit Theorem on the Core of an Economy
• An Elementary Core Equivalence Theorem
• Diversified Consumption Characteristics and Conditionally Dispersed Endowment Distribution: Regularizing Effect and Existence of Equilibria
• Edgeworth-Allocations in an Exchange Economy with Many Traders
• Equilibrium Analysis of Exchange Economies with Indivisible Commodities
• Hierarchic competitive equilibria
• scientific article; zbMATH DE number 3829601 (Why is no real title available?)
• scientific article; zbMATH DE number 3547015 (Why is no real title available?)
• scientific article; zbMATH DE number 1099361 (Why is no real title available?)
• scientific article; zbMATH DE number 1784404 (Why is no real title available?)
• scientific article; zbMATH DE number 3307201 (Why is no real title available?)
• Indivisible commodities and general equilibrium theory
• Markets with a Continuum of Traders
• On cores and indivisibility
• On the cores of economies with indivisible commodities and a continuum of traders
• The Core of an Economy with a Measure Space of Economic Agents

Cited in

(11)

• When is the core equivalence theorem valid?
• On separability: Functional structure
• Indivisible commodities and the nonemptiness of the weak core
• Erratum to ``Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely indivisible commodities only
• The core of an economy with satiation
• On the equivalence between the rejective core and the dividend equilibrium: a note
• A note on Aumann's core equivalence theorem without monotonicity
• scientific article; zbMATH DE number 1552537 (Why is no real title available?)
• On differentiated and indivisible commodities: an expository re-framing of Mas-Colell's 1975 model
• Indivisible commodities and an equivalence theorem on the strong core
• scientific article; zbMATH DE number 772611 (Why is no real title available?)

This page was built for publication: Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely indivisible commodities only

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2387408)