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Approximate Cores of a General Class of Economies: Part II. Set-Up Costs and Firm Formation in Coalition Production Economies

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Abstract

A 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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  • Martin Shubik & Myrna Holtz Wooders, 1982. "Approximate Cores of a General Class of Economies: Part II. Set-Up Costs and Firm Formation in Coalition Production Economies," Cowles Foundation Discussion Papers 619, Cowles Foundation for Research in Economics, Yale University.
    • Handle: RePEc:cwl:cwldpp:619
    Note: CFP 592.
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    File URL: https://cowles.yale.edu/sites/default/files/files/pub/d06/d0619.pdf
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