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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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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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    1. Jaskold Gabszewicz, Jean & Vial, Jean-Philippe, 1972. "Oligopoly "A la cournot" in a general equilibrium analysis," Journal of Economic Theory, Elsevier, vol. 4(3), pages 381-400, June.
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    9. Sondermann, Dieter, 1974. "Economies of scale and equilibria in coalition production economies," Journal of Economic Theory, Elsevier, vol. 8(3), pages 259-291, July.
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    12. Kaneko, Mamoru & Wooders, Myrna Holtz, 1982. "Cores of partitioning games," Mathematical Social Sciences, Elsevier, vol. 3(4), pages 313-327, December.
    13. Hildenbrand, Werner, 1970. "Existence of Equilibria for Economies with Production and a Measure Space of Consumers," Econometrica, Econometric Society, vol. 38(5), pages 608-623, September.
    14. Dierker, Egbert, 1971. "Equilibrium Analysis of Exchange Economies with Indivisible Commodities," Econometrica, Econometric Society, vol. 39(6), pages 997-1008, November.
    15. Boehm, Volker, 1974. "The Limit of the Core of an Economy with Production," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 15(1), pages 143-148, February.
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