イノウエ トモキ
INOUE Tomoki
井上 朋紀 所属 明治大学 政治経済学部 職種 専任講師 |
|
言語種別 | 英語 |
発行・発表の年月 | 2014/10 |
形態種別 | 学術雑誌 |
査読 | 査読あり |
標題 | Indivisible commodities and an equivalence theorem on the strong core |
執筆形態 | 単著 |
掲載誌名 | Journal of Mathematical Economics |
巻・号・頁 | 54,pp.22-35 |
概要 | We consider a pure exchange economy with finitely many indivisible commodities that are available only in integer quantities. We prove that in such an economy with a sufficiently large number of agents, but finitely many agents, the strong core coincides with the set of expenditure-minimizing Walrasian allocations. Because of the indivisibility, the preference maximization does not imply the expenditure minimization. An expenditure-minimizing Walrasian equilibrium is a state where, under some price vector, all agents satisfy both the preference maximization and the expenditure minimization. |
DOI | 10.1016/j.jmateco.2014.07.002 |