RT Journal Article
T1 Blocking efficacy of Small Coalitions in Myopic Economies
A1 Hervés, Carlos
A1 Moreno, Emma
A1 Núñez, Carmelo
A1 Rui Páscoa, Mário
AB 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.
PB Elsevier
SN 0022-0531
YR 2000
FD 2000
LK http://hdl.handle.net/10016/5478
UL http://hdl.handle.net/10016/5478
LA eng
NO 1 Supported by Research Grant PB95-0729-C02 from the Dirección General de InvestigaciónCientífica y Técnica (DGICYT), Spanish Ministry of Education.2 Support from the Spanish Ministry of Education through a post doctoral fellowship in1997 and from a Training and Mobility of Researchers (E.C.) fellowship in 1998 while visitingUniversidade Nova de Lisboa, is acknowledged.3 Support from the Portuguese Ministry of Science and Technology (project Praxis PCSHC-CEG9-96), is acknowledged.
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