Approximate Cores of a General Class of Economies: Part II. Set-Up Costs and Firm Formation in Coalition Production Economies
AbstractA general model of a coalition production economy allowing set-up costs, indivisibilities, and non-convexities is developed. It is shown that for all sufficiently large replications, approximate cores of the economy are non-empty.
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Bibliographic InfoPaper provided by Cowles Foundation for Research in Economics, Yale University in its series Cowles Foundation Discussion Papers with number 619.
Length: 36 pages
Date of creation: Feb 1982
Date of revision:
Publication status: Published in Mathematical Social Sciences (1983), 6: 285-306
Note: CFP 592.
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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
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