The proportion of blocking coalitions in atomless economies |
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Authors: | Benyamin Shitovitz |
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Institution: | University of Haifa, Haifa 31999, Israel |
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Abstract: | In this paper we investigate the number of coalitions that block a given non-competitive allocation. In an atomless economy with a finite number of types we identify coalition with its profile. Considering profiles π that represent coalitions with the same proportions of types as in the whole society, we prove that there is a ball Bπ with π as its center so that ‘almost half’ of the profiles in Bπ are blocking. This result is an analogous result to that of Mas-Colell (1978) who dealt with large finite markets. |
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