INOUE Tomoki
Department Undergraduate School , School of Political Science and Economics Position Senior Assistant Professor |
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言語種別 | 英語 |
発行・発表の年月 | 2005/08 |
形態種別 | 学術雑誌 |
査読 | 査読あり |
標題 | Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely indivisible commodities only |
執筆形態 | 単著 |
掲載誌名 | Journal of Mathematical Economics |
巻・号・頁 | 41(4-5),pp.571-601 |
概要 | We consider a pure exchange economy with a continuum of agents and finitely many indivisible commodities. Every commodity can be consumed only in integer amounts. Thus, agents' preferences are locally satiated and no commodity bundle has necessarily local cheaper points. We introduce a core which is an intermediate concept between the strong core and the weak core. In our economy, this core is the most natural concept in the sense that it coincides with the set of all exactly feasible Walras allocations. |
DOI | 10.1016/j.jmateco.2004.09.004 |