Edgeworth rejective core and dividends equilibria of satiated exchange economies

B-Tier
Journal: Journal of Mathematical Economics
Year: 2013
Volume: 49
Issue: 1
Pages: 1-6

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

For an exchange economy, under assumptions which did not bring about the existence of equilibrium with dividends as yet, we prove the non-emptiness of the Edgeworth rejective core. Then, via Konovalov (1998, 2005)’s decentralization result, we solve the equilibrium with dividends existence problem. Adding to the same assumptions a weak non-satiation condition which differs from the weak non-satiation assumption introduced by Allouch and Le Van (2009), we show in the last section the existence of a Walrasian quasiequilibrium. This result, which fits with exchange economies whose consumers’ utility functions are not assumed to be upper semicontinuous, complements the one obtained by Martins-da-Rocha and Monteiro (2009).

Technical Details

RePEc Handle
repec:eee:mateco:v:49:y:2013:i:1:p:1-6
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24