Strong core equivalence theorem in an atomless economy with indivisible commodities
Inoue T (2009) Working Papers. Institute of Mathematical Economics; 418.
Bielefeld: Universität Bielefeld.
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Abstract / Bemerkung
We consider an atomless exchange economy with indivisible commodities. Every commodity can be consumed only in integer amounts. In such an economy, because of the indivisibility, the preference maximization does not imply the cost minimization. We prove that the strong core coincides with the set of cost-minimized Walras allocations which satisfy both the preference maximization and the cost minimization under the same price vector.
Stichworte
Strong core;
Cost-minimized Walras equilibrium;
Core equivalence;
Indivisible commodities
Erscheinungsjahr
2009
Serientitel
Working Papers. Institute of Mathematical Economics
Band
418
ISSN
0931-6558
Page URI
https://pub.uni-bielefeld.de/record/2316262
Zitieren
Inoue T. Strong core equivalence theorem in an atomless economy with indivisible commodities. Working Papers. Institute of Mathematical Economics. Vol 418. Bielefeld: Universität Bielefeld; 2009.
Inoue, T. (2009). Strong core equivalence theorem in an atomless economy with indivisible commodities (Working Papers. Institute of Mathematical Economics, 418). Bielefeld: Universität Bielefeld.
Inoue, Tomoki. 2009. Strong core equivalence theorem in an atomless economy with indivisible commodities. Vol. 418. Working Papers. Institute of Mathematical Economics. Bielefeld: Universität Bielefeld.
Inoue, T. (2009). Strong core equivalence theorem in an atomless economy with indivisible commodities. Working Papers. Institute of Mathematical Economics, 418, Bielefeld: Universität Bielefeld.
Inoue, T., 2009. Strong core equivalence theorem in an atomless economy with indivisible commodities, Working Papers. Institute of Mathematical Economics, no.418, Bielefeld: Universität Bielefeld.
T. Inoue, Strong core equivalence theorem in an atomless economy with indivisible commodities, Working Papers. Institute of Mathematical Economics, vol. 418, Bielefeld: Universität Bielefeld, 2009.
Inoue, T.: Strong core equivalence theorem in an atomless economy with indivisible commodities. Working Papers. Institute of Mathematical Economics, 418. Universität Bielefeld, Bielefeld (2009).
Inoue, Tomoki. Strong core equivalence theorem in an atomless economy with indivisible commodities. Bielefeld: Universität Bielefeld, 2009. Working Papers. Institute of Mathematical Economics. 418.
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