IDEAS home Printed from https://ideas.repec.org/p/sef/csefwp/544.html
   My bibliography  Save this paper

The Core of Economies with Collective Goods and a Social Division of Labor

Author

Listed:

Abstract

This paper considers the Core of a competitive market economy with private commodities as well as (non-Samuelsonian) collective goods that are provided through an endogenous social division of labour. Our approach is founded on the hypothesis that every agent is a “consumer-producer”, producing private commodities as well as consuming collective and private goods. We develop the s-core concept, assuming that collective goods are scalable with community size. We show that the s-core can be founded on deviations of coalitions of arbitrary size, extending the seminal insights of Vind and Schmeidler for pure exchange economies. Our analysis also shows that self-organisation in a social division of labour can be incorporated into the Edgeworthian barter process directly. This is formulated as an equivalence of the s-core and a structured s-core concept based on blocking coalitions that use internal divisions of labour. Furthermore, Grodal’s theorem is extended, allowing applications of metrics that express productive similarities between agents making up blocking coalitions. Finally, we consider the equivalence of the s-core and the set of cost share equilibrium allocations.

Suggested Citation

  • Achille Basile & Robert P. Gilles & Maria Laura Pesce, "undated". "The Core of Economies with Collective Goods and a Social Division of Labor," CSEF Working Papers 544, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
  • Handle: RePEc:sef:csefwp:544
    as

    Download full text from publisher

    File URL: http://www.csef.it/WP/wp544.pdf
    Download Restriction: no

    More about this item

    Keywords

    Collective goods; Consumer-producer; Social division of labour; Competitive equilibrium; s-Core; Core equivalence.;

    JEL classification:

    • D41 - Microeconomics - - Market Structure, Pricing, and Design - - - Perfect Competition
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sef:csefwp:544. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lia Ambrosio). General contact details of provider: http://edirc.repec.org/data/cssalit.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.