RT Journal Article
T1 Discrete representations of a continuum economy
A1 Hervés, Carlos
A1 Moreno, Emma
A1 Núñez, Carmelo
AB We 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.
PB Springer
SN 1129-6569
YR 2003
FD 2003
LK https://hdl.handle.net/10016/5481
UL https://hdl.handle.net/10016/5481
LA eng
NO The original publication is available at www.springerlink.com
NO C. Hervés and E. Moreno acknowledge support by Research Grant BEC2000-1388-C04-01 from the Dirección General de Investigación Científica y Técnica (DGICYT), SpanishMinistry of Education.E. Moreno acknowledges support from the Spanish Ministry of Education through a postdoctoralfellowship in 1997 and from a Training and Mobility of Researchers (E.C.)fellowship in 1998 while visiting Universidade Nova de Lisboa.
DS e-Archivo
RD 3 may. 2024