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