Approximate Cores of a General Class of Economies: Part II. Set-Up Costs and Firm Formation in Coalition Production Economies
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.
|Date of creation:||Feb 1982|
|Date of revision:|
|Publication status:||Published in Mathematical Social Sciences (1983), 6: 285-306|
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