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Core Equivalence for Hierarchic Equilibria

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Author Info
Florig, M.
Abstract

The standard equivalence result on core and Walras equilibrium allocations uses a non-satiation and an interiority assumption. Konovalov introduced the rejective core for exchange economies with possibly satiated preferences and proved that there, the fuzzy rejective core coincides with the set of dividend equilibria provided an interiority assumption holds.

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Publisher Info
Paper provided by Université Panthéon-Sorbonne (Paris 1) in its series Papiers d'Economie Mathématique et Applications with number 1999.79.

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Length: 10 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:fth:pariem:1999.79

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Postal: France; Universite de Paris I - Pantheon- Sorbonne, 12 Place de Pantheon-75005 Paris, France
Web page: http://cermsem.univ-paris1.fr/
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Related research
Keywords: MATHEMATICAL ANALYSIS ; ECONOMICS ; DIVIDENDS;

Find related papers by JEL classification:
D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General

Cited by:
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  1. Konovalov, A. & Marakulin, V., 2001. "Equilibria without the survival assumption : a non-standard analysis approach," Discussion Paper 34, Tilburg University, Center for Economic Research. [Downloadable!]
Statistics
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