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On the equivalence between the rejective core and the dividend equilibrium

Author

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  • Miyazaki, Kentaro
  • Takekuma, Shin-Ichi

Abstract

Exchange 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.

Suggested Citation

  • Miyazaki, Kentaro & Takekuma, Shin-Ichi, 2010. "On the equivalence between the rejective core and the dividend equilibrium," Discussion Papers 2010-05, Graduate School of Economics, Hitotsubashi University.
  • Handle: RePEc:hit:econdp:2010-05
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    File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/18503/1/070econDP10-05.pdf
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    More about this item

    Keywords

    rejective core; dividend equilibrium; core equivalence;

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D41 - Microeconomics - - Market Structure, Pricing, and Design - - - Perfect Competition
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies

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