Competitive Equilibria and Benefit Distributions of Population Production Economies with External Increasing Returns

被引:2
作者
Yang, Zhe [1 ,2 ]
Zhang, Xian [1 ,2 ]
机构
[1] Shanghai Univ Finance & Econ, Sch Econ, Shanghai 200433, Peoples R China
[2] SUFE, Key Lab Math Econ, Minist Educ, Shanghai 200433, Peoples R China
关键词
Population production economy; Competitive equilibrium; TU core; Benefit distribution; NORMAL-FORM GAMES; ALPHA-CORE; EXCHANGE ECONOMIES; COOPERATIVE EQUILIBRIA; EXISTENCE; CONTINUUM; THEOREM; STABILITY; MARKETS;
D O I
10.1007/s40305-021-00340-1
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
Inspired by the work of population games, we establish the model of population production economies with external increasing returns and introduce the notion of competitive equilibria. We first prove the existence of competitive equilibria under some regular assumptions. Furthermore, we assume that there exists the cooperative behavior of different populations. By proving the existence of transferable utility (TU) core, we analyze the benefit distributions of population production economies with external increasing returns.
引用
收藏
页码:723 / 740
页数:18
相关论文
共 39 条
[11]  
Bondareva O., 1962, Vestnik Leningrad Univ, V13, P141
[12]  
Florenzano M., 2003, General equilibrium analysis: existence and optimality properties of equilibria
[13]  
Greenberg J., 1977, J MATH ECON, V4, P163, DOI DOI 10.1016/0304-4068(77)90006-4
[14]   EXISTENCE OF EQUILIBRIA FOR ECONOMIES WITH PRODUCTION AND A MEASURE SPACE OF CONSUMERS [J].
HILDENBR.W .
ECONOMETRICA, 1970, 38 (05) :608-&
[15]   A GENERALIZATION OF SCARF THEOREM - AN ALPHA-CORE EXISTENCE THEOREM WITHOUT TRANSITIVITY OR COMPLETENESS [J].
KAJII, A .
JOURNAL OF ECONOMIC THEORY, 1992, 56 (01) :194-205
[16]   How to discard non-satiation and free-disposal with paper money [J].
Kajii, A .
JOURNAL OF MATHEMATICAL ECONOMICS, 1996, 25 (01) :75-84
[17]   The projection dynamic and the geometry of population games [J].
Lahkar, Ratul ;
Sandholm, William H. .
GAMES AND ECONOMIC BEHAVIOR, 2008, 64 (02) :565-590
[18]   Existence of competitive equilibrium in coalition production economies with a continuum of agents [J].
Liu, Jiuqiang .
INTERNATIONAL JOURNAL OF GAME THEORY, 2017, 46 (04) :941-955
[19]   Alpha cores of games with nonatomic asymmetric information [J].
Noguchi, Mitsunori .
JOURNAL OF MATHEMATICAL ECONOMICS, 2018, 75 :1-12
[20]   Cooperative equilibria of finite games with incomplete information [J].
Noguchi, Mitsunori .
JOURNAL OF MATHEMATICAL ECONOMICS, 2014, 55 :4-10