首页 | 本学科首页   官方微博 | 高级检索  
     检索      


Generic properties of the core and equilibria of pure exchange economies
Authors:Ashvin Varada Rajan
Institution:aDepartment of Mathematics, The Johns Hopkins University, Baltimore, MD 21218. USA
Abstract:We show that for an open dense set of markets with a continuum of traders the number of equilibrium allocations which by the celebrated theorem of Aumann (Econometrica. 1964, 32. 39–50) coincide with the core allocations for such markets are finite. This presents a limiting case result that complements similar asymptotic theorems for cores of large economies proved by Bewley (Econometrica 1973, 41, 425–454), and Dierker (Journal of Mathematical Economics 1975, 2. 155–169). If we require that the measure on the space of agents be one with a finite number of atoms of equal weight, our reasoning recovers the classical results obtained by Debreu (Econometrica. 1970. 38, 387–392) for economies with a finite number of agents.
Keywords:JEL classification: D41  D50  D51
本文献已被 ScienceDirect 等数据库收录!
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号