Arbeitspapier
Core allocations may not be Walras allocations in any large finite economy with indivisible commodities
We consider an exchange economy where every commodity can be consumed only in integer amounts. Inoue [Inoue, T., 2005. Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely indivisible commodities only. Journal of Mathematical Economics 41, 571-601] proved that in such an economy with a continuum of agents, the core coincides with the set of Walras allocations. We show that this equivalence holds only in an atomless economy by giving two examples of the sequence of replica economies such that in any replica economy, there exists a core allocation that is not a Walras allocation.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Papers ; No. 419
- Classification
-
Wirtschaft
Cooperative Games
Exchange and Production Economies
- Subject
-
Indivisible commodities
Core
Walras equilibrium
Strong core
Cost-minimized Walras equilibrium
Gleichgewichtstheorie
Core
Marktmechanismus
Unteilbarkeit
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Inoue, Tomoki
- Event
-
Veröffentlichung
- (who)
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Bielefeld University, Institute of Mathematical Economics (IMW)
- (where)
-
Bielefeld
- (when)
-
2009
- Handle
- URN
-
urn:nbn:de:hbz:361-14927
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Inoue, Tomoki
- Bielefeld University, Institute of Mathematical Economics (IMW)
Time of origin
- 2009
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Newsprint Allocations
Allocations Militaires
Computing core cost allocations for cooperative procurement
Requirements & Allocations Commerce
Functional Program. a) Allocations
Stable Allocations of Risk
Centrality-based capital allocations
Egalitarian allocations and convexity
Paths to stable allocations