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Core Equivalence for Hierarchic Equilibria

Author

Listed:
  • 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.

Suggested Citation

  • Florig, M., 1999. "Core Equivalence for Hierarchic Equilibria," Papiers d'Economie Mathématique et Applications 1999.79, Université Panthéon-Sorbonne (Paris 1).
  • Handle: RePEc:fth:pariem:1999.79
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    More about this item

    Keywords

    MATHEMATICAL ANALYSIS ; ECONOMICS ; DIVIDENDS;
    All these keywords.

    JEL classification:

    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General

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