Core allocations and small income transfers

被引:0
|
作者
Anderson, Robert M. [1 ,2 ]
机构
[1] Univ Calif Berkeley, Dept Econ, Berkeley, CA 94720 USA
[2] Univ Calif Berkeley, Dept Math, Berkeley, CA 94720 USA
基金
美国国家科学基金会;
关键词
Core convergence; Small income transfers; APPROXIMATE EQUILIBRIA; NONCONVEX PREFERENCES; CONVERGENCE; THEOREM;
D O I
10.1016/j.jmateco.2009.06.010
中图分类号
F [经济];
学科分类号
02 ;
摘要
We show that, given any allocation f in the core of an exchange economy, we can find small income transfers and a Walrasian allocation (f) over tilde relative to the transfers such that most agents are indifferent between f and (f) over tilde. In addition, we can find small income transfers and an approximate Walrasian allocation (f) over cap relative to the transfers such that all agents are indifferent between (f) over cap and f. (C) 2009 Elsevier B.V. All rights reserved.
引用
收藏
页码:373 / 381
页数:9
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