This paper deals with a core-equilibrium equivalence in an economy with public goods where preferences of consumers …

core coincides with the set of cost-minimized Walras allocations. Because of the indivisibility, the preference …

. We prove that the strong core coincides with the set of cost-minimized Walras allocations which satisfy both the …

. Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely … agents, the core coincides with the set of Walras allocations. We show that this equivalence holds only in an atomless … economy by giving two examples of the sequence of replica economies such that in any replica economy, there exists a core …

costs. We reformulate the merger model, introduced by Barros (1998), by employing the core as cooperative equilibrium …

outside players play their best response noncooperatively, the core is always nonempty when the game has strategic … complementarities. We apply this result to cartel formation in Bertrand oligopoly and in Shapley-Shubik (1977) strategic market games. …

addressed in perfectly or monopolistically competitive models. Drawing on recent work, a model of oligopoly in general …

-merger situation as a Cournot oligopoly wherein the outsiders face uncertainty about the merged entity's final cost. At the Bayesian …