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Working Papers, Institute of Mathematical Economics, Universität Bielefeld >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/43781
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Inoue, Tomoki | | en_US |
| dc.date.accessioned | | 2011-01-24T10:22:58Z | | - |
| dc.date.available | | 2011-01-24T10:22:58Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.pi | | urn:nbn:de:hbz:361-14901 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/43781 | | - |
| dc.description.abstract | | 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 allocations. Because of the indivisibility, the preference maximization does not imply the cost minimization. A cost-minimized Walras equilibrium is a state where, under some price vector, all agents satisfy both the preference maximization and the cost minimization. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Inst. of Mathematical Economics, IMW Bielefeld | | en_US |
| dc.relation.ispartofseries | | Working papers // Institute of Mathematical Economics 417 | | en_US |
| dc.subject.jel | | C71 | | en_US |
| dc.subject.jel | | D51 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Indivisible commodities | | en_US |
| dc.subject.keyword | | Strong core | | en_US |
| dc.subject.keyword | | Cost-minimized Walras equilibrium | | en_US |
| dc.subject.keyword | | Core equivalence | | en_US |
| dc.subject.stw | | Gleichgewichtstheorie | | en_US |
| dc.subject.stw | | Core | | en_US |
| dc.subject.stw | | Marktmechanismus | | en_US |
| dc.subject.stw | | Unteilbarkeit | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Indivisible commodities and an equivalence theorem on the strong core | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 616897057 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Working Papers, Institute of Mathematical Economics, Universität Bielefeld
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