Core Equivalence for Hierarchic Equilibria

M. Florig

Papiers d'Economie Mathématique et Applications from Université Panthéon-Sorbonne (Paris 1)

Abstract: The standard equivalence result on core and Walras equilibrium allocations uses a non-satiation and an interiority assumption. Konovalov introduced the rejective core for exchange economies with possibly satiated preferences and proved that there, the fuzzy rejective core coincides with the set of dividend equilibria provided an interiority assumption holds.

Keywords: MATHEMATICAL ANALYSIS; ECONOMICS; DIVIDENDS (search for similar items in EconPapers)
JEL-codes: D50 (search for similar items in EconPapers)
Pages: 10 pages
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:fth:pariem:1999.79

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