Consistency and the Walrasian Allocations Correspondence

Nir Dagan ()

Economic theory and game theory from Nir Dagan

Abstract: We characterize the Walrasian allocations correspondence by means of consistency requirements and other axioms. We present two characterization results; both require consistency, converse consistency and standard axioms. One of them requires the allocations to be envy free (with respect to trades) and the other--stable with respect to bilateral recontracting. The characterizations hold in classes of exchange economies with smooth and convex preferences, and also on domains with a finite number of potential agents.

Pages: 16 pages
Date: 1996-01
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Consistency and the Walrasian allocations correspondence (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:nid:ndagan:012

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