The optimistic stability of the core mapping in public goods production economies

Ezra Einy and Benyamin Shitovitz
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Ezra Einy: Department of Economics, Ben-Gurion University of the Negev, Beer Sheva, ISRAEL
Benyamin Shitovitz: Department of Economics, University of Haifa, Haifa, ISRAEL

Economic Theory, 1995, vol. 6, issue 3, 523-528

Abstract: We show that in a production economy with public goods and a measure space of agents an allocation belongs to the core of the economy if and only if there exists no allocation in the core of a subeconomy that blocks it.

Date: 1997-11-09
Note: Received: November 24, 1993; revised version May 9, 1994
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