The Walras core of an economy and its limit theorem

DOI10.1016/J.JMATECO.2005.09.001MaRDI QIDQ2495375zbMATH OpenOpenAlexFDO

Authors Lloyd S. Shapley, Ken-Ichi Shimomura, Cheng-Zhong Qin

Publication date 30 June 2006

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

Full work available at URL https://escholarship.org/uc/item/6hp534w3

zbMATH Keywords

coalitioncompetitive allocationEdgeworth coreWalras core

Mathematics Subject Classification ID

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

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Cites work

• A conjecture of Shapley and Shubik on competitive outcomes in the cores of NTU market games
• A Limit Theorem on the Core of an Economy
• An Example of a Slow-Converging Core
• Edgeworth equilibria, fuzzy core, and equilibria of a production economy without ordered preferences
• Edgeworth-Allocations in an Exchange Economy with Many Traders
• Existence of an Equilibrium for a Competitive Economy
• Generic Examples on the Rate of Convergence of the Core
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• Markets with a Continuum of Traders
• On games without side payments arising from a general class of markets
• On the Existence of General Equilibrium for a Competitive Market
• On the Rate of Convergence of the Core
• Some Examples of Global Instability of the Competitive Equilibrium
• The Core of an Economy with a Measure Space of Economic Agents
• The rate of convergence of the core for a purely competitive sequence of economies
• The rate of convergence of the core of an economy
• What is the Normal Rate of Convergence of the Core? (Part I)

Cited in

(21)

• Competition versus cooperation in economics
• Existence of nonatomic core-Walras allocations
• The coalitional approach to core theory
• Continuum economies with finite coalitions: Core, equilibria, and widespread externalities
• Semi-core equivalence
• A computational analysis of core convergence in a multiple equilibria economy.
• A limit theorem on the core: addendum
• Utility-driven solution for optimal resource allocation in computational grid
• A limit theorem on the dual core of a distributive social system
• Trade through endogenous intermediaries
• A three way equivalence
• Walrasian versus quasi-competitive equilibrium and the core of a production economy
• Perfect Competition and the Core
• Economic yoyos and Becker's Rotten Kid theorem
• The Core of an Economy with Transaction Costs
• Market games and clubs
• A limit theorem on the core
• The Walrasian output beats the market
• Superadditive market games
• The core of economies with collective goods and a social division of labour
• Core allocations and small income transfers

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