Core allocations and small income transfers

Robert M. Anderson

Journal of Mathematical Economics, 2010, vol. 46, issue 4, 373-381

Abstract: We show that, given any allocation f in the core of an exchange economy, we can find small income transfers and a Walrasian allocation relative to the transfers such that most agents are indifferent between f and . In addition, we can find small income transfers and an approximate Walrasian allocation relative to the transfers such that all agents are indifferent between and f.

Keywords: Core; convergence; Small; income; transfers (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:46:y:2010:i:4:p:373-381

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