Logo
Munich Personal RePEc Archive

Core equivalence in presence of satiation and indivisibilities

Bhowmik, Anuj and Dharanan, GVA (2021): Core equivalence in presence of satiation and indivisibilities.

[img]
Preview
PDF
MPRA_paper_105790.pdf

Download (419kB) | Preview

Abstract

Equivalence between rejective core and set of dividend equilibria allocations is studied in finite economy and double infinity economy frameworks in presence of indivisibilities of commodities while also allowing the presence of satiated agents. It is further shown that in the finite economy and the double infinity economy, the core of every renegotiation core, the rejective core of every replica economy and the set of dividend equilibria are identical. Hence, core equivalence is demonstrated in both frameworks.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.