Qin, Cheng-Zhong; Shapley, Lloyd S; Shimomura, Ken-Ichi - Department of Economics, University of California-Santa … - 2004
The Walras core of an economy is the set of allocations that are attainable for the consumers when their trades are … a candidate allocation for the Walras core become harder. The Walras core may even contain allocations that violate the …-treatment Walras core allocations converge under general conditions to the competitive allocations in the process of replication. …