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This paper deals with a core-equilibrium equivalence in an economy with public goods where preferences of consumers …
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core coincides with the set of cost-minimized Walras allocations. Because of the indivisibility, the preference …
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. We prove that the strong core coincides with the set of cost-minimized Walras allocations which satisfy both the …
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. 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 …
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