Advanced Search
MyIDEAS: Login to save this article or follow this journal

Semi-core equivalence

Contents:

Author Info

  • Pieter H. M. Ruys

    (Center for Economic Research, Tilburg University, PO Box 90153, NL-5000 LE Tilburg, THE NETHERLANDS)

  • Robert P. Gilles

    (Department of Economics, Virginia Polytechnic Institute & State University, Blacksburg, VA 24061-0316, USA)

  • Hans H. Haller

    (Department of Economics, Virginia Polytechnic Institute & State University, Blacksburg, VA 24061-0316, USA)

Abstract

The main requirements for equivalence of the core of an economy and the Walrasian equilibrium allocations are largeness and the freedom to form almost arbitrary coalitions in the Edgeworthian barter processes. We investigate whether constraints on coalition formation and coalitional barter alter these insights. Our notion of the semi-core imposes a restriction on the collection of formable coalitions that does not affect the fundamental equivalence property. Using our concept of the contract-core we show that additional constraints on coalitional barter can only be alleviated within an environment with sufficiently many formable coalitions: besides a contract-core equivalence theorem we show certain non-equivalence results.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://link.springer.de/link/service/journals/00199/papers/7011001/70110101.pdf
Download Restriction: Access to the full text of the articles in this series is restricted

File URL: http://link.springer.de/link/service/journals/00199/papers/7011001/70110101.ps.gz
Download Restriction: Access to the full text of the articles in this series is restricted

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Springer in its journal Economic Theory.

Volume (Year): 11 (1997)
Issue (Month): 1 ()
Pages: 101-127

as in new window
Handle: RePEc:spr:joecth:v:11:y:1997:i:1:p:101-127

Note: Received: December 11, 1995; revised version: September 17, 1996
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/00199/index.htm

Order Information:
Web: http://link.springer.de/orders.htm

Related research

Keywords:

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:spr:joecth:v:11:y:1997:i:1:p:101-127. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.