Publication:
Discrete representations of a continuum economy

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorHervés, Carlos
dc.contributor.authorMoreno, Emma
dc.contributor.authorNúñez, Carmelo
dc.date.accessioned2012-09-27T08:54:16Z
dc.date.available2012-09-27T08:54:16Z
dc.date.issued2003
dc.descriptionThe original publication is available at www.springerlink.com
dc.description.abstractWe consider an atomless economy in which the continuum of agents is represented by a real interval. By dividing the interval and associating to every agent in each subinterval the same initial endowments and preferences, we define sequences of discrete economies as approximations to the initial continuum economy. We obtain convergence results for the core (or, alternatively, for the set of Walrasian allocations) of the continuum economy in terms of the cores of the approximating discrete economies. Finally, we state some counterexamples which provide a boundary for more general results in this framework.
dc.description.sponsorshipC. Hervés and E. Moreno acknowledge support by Research Grant BEC2000-1388-C04- 01 from the Dirección General de Investigación Científica y Técnica (DGICYT), Spanish Ministry of Education. E. Moreno acknowledges support from the Spanish Ministry of Education through a postdoctoral fellowship in 1997 and from a Training and Mobility of Researchers (E.C.) fellowship in 1998 while visiting Universidade Nova de Lisboa.
dc.description.statusPublicado
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.identifier.bibliographicCitationDecisions in Economics and Finance. 2003, vol 26, nº 1, p.19-38
dc.identifier.doi10.1007/s102030300001
dc.identifier.issn1129-6569
dc.identifier.publicationfirstpage19
dc.identifier.publicationissue1
dc.identifier.publicationlastpage38
dc.identifier.publicationtitleDecisions in Economics and Finance
dc.identifier.publicationvolume26
dc.identifier.urihttps://hdl.handle.net/10016/5481
dc.language.isoeng
dc.publisherSpringer
dc.relation.publisherversionhttp://dx.doi.org/10.1007/s102030300001
dc.rights©Springer
dc.rights.accessRightsopen access
dc.subject.ecienciaEconomía
dc.subject.jelD59
dc.subject.jelD49
dc.subject.jelD00
dc.subject.jelD11
dc.subject.otherDiscrete representations
dc.subject.otherContinuum economy
dc.titleDiscrete representations of a continuum economy
dc.typeresearch article*
dc.type.hasVersionAM*
dc.type.reviewPeerReviewed
dspace.entity.typePublication
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