Blocking Efficacy of Small Coalitions in Myopic Economics

Hervés-Beloso, Carlos; Moreno-García, Emma; Nunez-Sanz, Carmelo; Páscoa, Mário Rui

http://hdl.handle.net/10362/89134

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Autores

Hervés-Beloso, Carlos

Moreno-García, Emma

Nunez-Sanz, Carmelo

Páscoa, Mário Rui

Resumo(s)

We consider a continuum economy with infinitely many commodities and show that, for any positive ε, the core of the economy coincides with the set of allocations which are not blocked by any coalition with measure less than ε. Actually, our main result is an extension of Grodal's (1972) result and, therefore, Schmeidler's (1972) result to economies whose commodity space is l∞, for myopic preferences.

Palavras-chave

Continuum economy Coalitions Core Perfect competition Walrasian equilibrium

URI

http://hdl.handle.net/10362/89134

Citação

Hervés-Beloso, Carlos, Moreno-García, Emma, Nunez-Sanz, Carmelo and Páscoa, Mário Rui, Blocking Efficacy of Small Coalitions in Myopic Economics (1999). FEUNL Working Paper Series No. 340

Editora

Nova SBE

Coleções

NSBE - Working Paper Series

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