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

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.

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Year of publication:	2013
Authors:	Suzuki, Takashi
Published in:	Journal of Mathematical Economics. - Elsevier, ISSN 0304-4068. - Vol. 49.2013, 3, p. 234-244
Publisher:	Elsevier
Subject:	Large exchange economy \| Coalitional form \| Competitive equilibrium \| Infinite dimensional commodity space

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011065452