Core and competitive equilibria of a coalitional exchange economy with infinite time horizon

Takashi Suzuki

Journal of Mathematical Economics, 2013, vol. 49, issue 3, 234-244

Abstract: The core and competitive equilibria of a large exchange economy on the commodity space ℓ∞ will be discussed. We define the economy as a measure on the space of consumers’ characteristics following Hart and Kohlberg (1974), and prove the existence of competitive equilibria and their equivalence with the core without assuming the convexity of preferences.

Keywords: Large exchange economy; Coalitional form; Competitive equilibrium; Infinite dimensional commodity space (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:49:y:2013:i:3:p:234-244

DOI: 10.1016/j.jmateco.2013.02.006

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