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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10016/5478
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| Title: | Blocking efficacy of Small Coalitions in Myopic Economies |
| Author(s): | Hervés, Carlos
Moreno, Emma
Núñez, Carmelo [cnunez]
Rui Páscoa, Mário |
| Publisher: | Elsevier |
| Issued date: | 2000 |
| Citation: | Journal of Economic Theory. 2000, vol. 93, nº 1, p. 72-86 |
| URI: | http://hdl.handle.net/10016/5478 |
| ISSN: | 0022-0531 |
| DOI: | 10.1006/jeth.2000.2647 |
| Abstract: | We consider a continuum economy with infinitely many commodities and show that, for any positive var epsilon, the core of the economy coincides with the set of allocations which are not blocked by any coalition with measure less than var epsilon. Actually, our main result is an extension of Grodal's (1972, Econometrica40, 581–583) result and, therefore, Schmeidler's (1972, Econometrica40, 579–580) result to economies whose commodity space is ℓ∞, for myopic preferences. |
| Sponsor: | 1 Supported by Research Grant PB95-0729-C02 from the Dirección General de Investigación Científica y Técnica (DGICYT), Spanish Ministry of Education. 2 Support from the Spanish Ministry of Education through a post doctoral fellowship in 1997 and from a Training and Mobility of Researchers (E.C.) fellowship in 1998 while visiting Universidade Nova de Lisboa, is acknowledged. 3 Support from the Portuguese Ministry of Science and Technology (project Praxis PCSHC- CEG9-96), is acknowledged. |
| Review: | PeerReviewed |
| Publisher version: | http://dx.doi.org/10.1006/jeth.2000.2647 |
| Keywords: | Continuum economy
Coalitions
Core
Perfect competition
Walrasian equilibrium |
| Rights: | ©Elsevier |
| Appears in Collections: | Economists Online
DE - Artículos de Revistas
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