In an exchange economy with a continuum of traders, we establish the equivalence theorem on the core and the set of … core equivalence theorems. The first one is for irreducible economies under Debreu's assumption on quasi-equilibria. The …

, the set of Walrasian payoff vectors of the induced coalition production economy coincides with the core of the balanced …

It is shown that core-Walras equivalence fails whenever the commodity space is a non-separable Banach space. The … interpretation is that a large number of agents guarantees core-Walras equivalence only if there is actually a large number of agents … extremely dispersed, so that the standard theory of perfect competition fails. Supplementing the core-Walras non …

, the set of Walrasian payoff vectors of the induced coalition production economy coincides with the core of the balanced …-jobbing. -- Coalition production economy ; transferable utility game ; core ; Walrasian equilibrium ; Walrasian equilibrium without double …

a contractual approach and based on the notion of fuzzy contractual allocation, see Marakulin (2011, 2013). Core … core converts into a classical one when the market turns complete. Under perfect competition conditions, core allocations … are GEI-equilibria. These properties prove the validity of the suggested core …

We prove the non-emptiness of the core of an NTU game satisfying a condition of payoff-dependent balancedness, based on … transfer rate mappings. We also define a new equilibrium condition on transfer rates and we prove the existence of core payoff … vectors satisfying this condition. The additional requirement of transfer rate equilibrium refines the core concept and allows …

We prove the non-emptiness of the core of an NTU game satisfying a condition of payoff-dependent balancedness, based on … transfer rate mappings. We also define a new equilibrium condition on transfer rates and we prove the existence of core payoff … vectors satisfying this condition. The additional requirement of transfer rate equilibrium refines the core concept and allows …

We prove the non-emptiness of the core of an NTU game satisfying a condition of payoff-dependent balancedness, based on … transfer rate mappings. We also define a new equilibrium condition on transfer rates and we prove the existence of core payoff … vectors satisfying this condition. The additional requirement of transfer rate equilibrium refines the core concept and allows …

, the set of Walrasian payoff vectors of the induced coalition production economy coincides with the core of the balanced …

This paper provides a general overview of the literature on the core of an exchange economy with asymmetric information …. Incentive compatibility is emphasized in studying core concepts at the ex ante and interim stage. The analysis includes issues … of non-emptiness of the core as well as core convergence to price equilibrium allocations. …