Tornar a Working Papers

Paper #151

Títol:
Consistency and the Walrasian allocations correspondence
Autor:
Nir Dagan
Data:
Gener 1996
Resum:
We characterize the Walrasian allocations correspondence, in classes of exchange economies with smooth and convex preferences, by means of consistency requirements and other axioms. We present three characterization results; all of which require consistency, converse consistency and standard axioms. Two characterizations hold also on domains with a finite number of potential agents, one of them requires envy freeness (with respect to trades) and the other--core selection; a third characterization, that requires core selection, applies only to a variable number of agents domain, but is valid also when the domain includes only a small variety of preferences.
Àrea de Recerca:
Microeconomia

Descarregar el paper en format PDF