What factors determine a minority group's extent/pattern of assimilation with the mainstream population in a country? We study this question in a dynamic multi-generation model, and formalize the sociological theory of segmented assimilation propounded by Portes and Zhou (1993). Our key...

What factors determine a minority group's extent/pattern of assimilation with the mainstream population in a country? We study this question in a dynamic multi-generation model, and formalize the sociological theory of segmented assimilation propounded by Portes and Zhou (1993). Our key...

In this paper, we establish two different characterizations of Walrasian expectations allocations by the veto power of the grand coalition in an asymmetric information economy having finitely many agents and states of nature and whose commodity space is a Banach lattice. The first one deals with...

In this paper, we study asymmetric information economies consisting of both non-negligible and negligible agents and having ordered Banach spaces as their commodity spaces. In answering a question of Herves-Beloso and Moreno-Garcia in [17], we establish a characterization of Walrasian...

Equivalence between rejective core and set of dividend equilibria allocations is studied in finite economy and double infinity economy frameworks in presence of indivisibilities of commodities while also allowing the presence of satiated agents. It is further shown that in the finite economy and...

The paper investigates some classical results concerning the core and competitive equilibria in an economy consisting of both private and club goods, where club goods are treated as articles of choice just like private goods. Clubs in this framework are described by the characteristic of their...

This paper analyses the properties of (strong) core allocations in a two-period asymmetric information economy that also involves both negligible and non-negligible agents as well as an infinite dimensional commodity space. Within this setup, we allow the consumption set of each agent to be an...

The paper tries to answer one of the more nascent questions in the literature on general equilibrium theory by investigating the equivalence between the set of club equilibrium states and the bargaining set for a club economy. Clubs in this framework are treated in a parallel fashion to private...

We study core allocations in a two-period asymmetric information mixed economy, where the consumption sets are arbitrary subsets of an ordered Banach space, and the feasibility is defined as exact. We prove that (i) the strong blocking by a generalized coalition leads to a weak blocking by some...

The core as a solution concept captures the set of allocations against which there exists no objection by any coalition of agents. Aumann and Maschler (1961) however emphasized the shortcomings of the objection mechanism and hence the core to further repercussions from agents. In that spirit,...