On the equivalence between the rejective core and the dividend equilibrium

Exchange economies in which preferences of some consumers are possibly satiated are considered. In a general model of an atomless exchange economy, the equivalence between the ‘rejective’ core and the set of dividend equilibrium allocations is proved by applying Liapunov’s theorem in multi-dimensions.

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Year of publication:	2010-05
Authors:	Miyazaki, Kentaro ; Takekuma, Shin-Ichi
Institutions:	Graduate School of Economics, Hitotsubashi University
Subject:	rejective core \| dividend equilibrium \| core equivalence

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2010-05 11 pages long
Classification:	C71 - Cooperative Games ; D41 - Perfect Competition ; D51 - Exchange and Production Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008458966