EconStor >
Universit├Ąt Bielefeld >
Center for Mathematical Economics (IMW), Bielefeld University >
Working Papers, Center for Mathematical Economics (IMW), Bielefeld University >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/43781
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorInoue, Tomokien_US
dc.date.accessioned2011-01-24T10:22:58Z-
dc.date.available2011-01-24T10:22:58Z-
dc.date.issued2009en_US
dc.identifier.piurn:nbn:de:hbz:361-14901en_US
dc.identifier.urihttp://hdl.handle.net/10419/43781-
dc.description.abstractWe 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.isoengen_US
dc.publisherInst. of Mathematical Economics, IMW Bielefelden_US
dc.relation.ispartofseriesWorking papers // Institute of Mathematical Economics 417en_US
dc.subject.jelC71en_US
dc.subject.jelD51en_US
dc.subject.ddc330en_US
dc.subject.keywordIndivisible commoditiesen_US
dc.subject.keywordStrong coreen_US
dc.subject.keywordCost-minimized Walras equilibriumen_US
dc.subject.keywordCore equivalenceen_US
dc.subject.stwGleichgewichtstheorieen_US
dc.subject.stwCoreen_US
dc.subject.stwMarktmechanismusen_US
dc.subject.stwUnteilbarkeiten_US
dc.subject.stwTheorieen_US
dc.titleIndivisible commodities and an equivalence theorem on the strong coreen_US
dc.typeWorking Paperen_US
dc.identifier.ppn616897057en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Papers, Center for Mathematical Economics (IMW), Bielefeld University

Files in This Item:
File Description SizeFormat
616897057.pdf348.33 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.