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Core allocations may not be Walras allocations in any large finite economy with indivisible commodities

Inoue, Tomoki - 2009

We consider an exchange economy where every commodity can be consumed only in integer amounts. Inoue [Inoue, T., 2005. Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely indivisible commodities only. Journal of Mathematical Economics...

Persistent link: https://www.econbiz.de/10003921358

Indivisible commodities and an equivalence theorem on the strong core

Inoue, Tomoki - 2009

We consider a pure exchange economy with finitely many indivisible commodities that are available only in integer quantities. We prove that in such an economy with a sufficiently large number of agents, but finitely many agents, the strong core coincides with the set of cost-minimized Walras...

Persistent link: https://www.econbiz.de/10003921399

Strong core equivalence theorem in an atomless economy with indivisible commodities

Inoue, Tomoki - 2009

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...

Persistent link: https://www.econbiz.de/10003921413

A dynamic model of equilibrium selection in signaling markets

Nöldeke, Georg; Samuelson, Larry - 1996

In his work on market signaling, Spence proposed a dynamic model of a signaling market in which a buyer revises prices in light of experience and sellers choose utility-maximizing signals given these prices. Spence also suggested that subjecting the dynamic process to rare perturbations might...

Persistent link: https://www.econbiz.de/10009697462

A decentralized market with common values uncertainty : non-steady states

Blouin, Max; Serrano, Roberto - 1998

Persistent link: https://www.econbiz.de/10011504686

Some consequences of the unknottedness of the Walras correspondence

DeMichelis, Stefano; Germano, Fabrizio - 1999

Persistent link: https://www.econbiz.de/10001430803

Kombinatorische Ressourcenallokation mit ökonomischen Koordinationsmechanismen

Conen, Wolfram (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001753106

Competitive equilibria in matching models with financial constraints

Herings, Peter Jean-Jacques; Zhou, Yu - In: International economic review 63 (2022) 2, pp. 777-802

Persistent link: https://www.econbiz.de/10013280161

Imbalances? : what imbalances? ; a dissenting view

Wray, L. Randall - 2012

balances approach of Wynne Godley, combined with the modern money theory (MMT) approach derived from the work of Innes, Knapp … Imbalances ; Sectoral Balances Approach ; Modern Money Theory ; Debt Cancellation ; Global Financial Crisis ; Euro Crisis ; EMU … ; State Theory of Money ; Functional Finance …

Persistent link: https://www.econbiz.de/10009425496

Equilibrium and matching under price controls

Herings, Peter Jean-Jacques - 2015

The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains two important streams in the matching literature, those with and those without monetary transfers, as special cases and allows for intermediate cases with some restrictions on...

Persistent link: https://www.econbiz.de/10011279692

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