On the equivalence between the rejective core and the dividend equilibrium
AbstractExchange economies in which preferences of some consumers are possibly satiated are considered. In a general model of an atomless exchange economy, the equivalence between the ‘rejective’ core and the set of dividend equilibrium allocations is proved by applying Liapunov’s theorem in multi-dimensions.
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Bibliographic InfoPaper provided by Graduate School of Economics, Hitotsubashi University in its series Discussion Papers with number 2010-05.
Length: 11 p.
Date of creation: May 2010
Date of revision:
rejective core; dividend equilibrium; core equivalence;
Find related papers by JEL classification:
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- D41 - Microeconomics - - Market Structure and Pricing - - - Perfect Competition
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
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