This paper deals with a core-equilibrium equivalence in an economy with public goods where preferences of consumers …

The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a … incentive compatible core can be empty, even if utility functions are quasi-linear. If, in addition to quasi-linearity, further … assumptions are made (like independent private values), the non-emptiness of the core follows nevertheless from d?Aspremont and …

In this paper it is shown that the core and the bargaining sets of Davis-Maschler and Zhou coincide in a class of …

the discipline. After the presentation of some basic definitions, the focus will be on the core and the Shapley value, two …

core coincides with the set of cost-minimized Walras allocations. Because of the indivisibility, the preference …

. We prove that the strong core coincides with the set of cost-minimized Walras allocations which satisfy both the …

. Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely … 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 …

convex-valued. I use the corresponding consistency property and its converse to axiomatize the inner core for games that are …