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

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