Stochastic Blocking and Core Convergence inNonconvex Production Economies

In production economies, the extent to which non-equilibria are blocked dependson specific rules that allocate authority among shareholders, because a blocking coalition’sresources are affected by the firms it jointly owns with outsiders. Based on anotion of stochastic blocking, we extend Anderson’s (1978) core convergence theoremto production economies where preferences and technologies are not necessarily convex.[...]

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Year of publication:	2007-03-20
Authors:	Xiong, Siyang ; Zheng, Charles Zhoucheng
Institutions:	Iowa State University of Science and Technology <Ames, Iowa> / Department of Economics
Subject:	Produktion \| Manufacturing Engineering \| Kernkompetenz \| Stochastik \| Koalition \| Konvexität \| convexity bounds

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Extent:	228352 bytes 22 p. application/pdf
Series:	IOWA State University - Department of Economics - Working Papers Working Paper # 07003
Type of publication:	Book / Working Paper
Language:	English
Classification:	D50 - General Equilibrium and Disequilibrium. General ; Specific management methods ; Industrial management ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10009360832