An Elementary Core Equivalence Theorem in a Countable Economy

We consider an infinite exchange economy with countably many traders, which can be regarded as a natural extension of finite exchange economies to an infinite one. In our countable economy the core defined in the traditional manner would be empty. To avoid this unwanted situation we have to strengthen the notion of “improves upon”. We will achieve this based on the idea that forming coalitions involve costs.

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Year of publication:	2002
Authors:	Tasnádi, Attila
Publisher:	Springer
Subject:	Mathematics \| Econometrics

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Type of publication:	Article
Notes:	Tasnádi, Attila (2002) An Elementary Core Equivalence Theorem in a Countable Economy. Decisions in Economics and Finance, 25 (2). pp. 127-143. DOI 10.1007/s102030200008 <http://dx.doi.org/10.1007/s102030200008>
Source:	BASE

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