Decentralization in replicated club economies with multiple private goods.
The writers attempt to identify “exhaustion of blocking opportunities” as a sufficient condition to decentralize all allocations in the core as competitive equilibria and to identify efficient scale as necessary and, under an assumption on endowments, sufficient for existence of competitive equilibr...
| Publicado en: | Journal of Economic Theory Vol. 72; pp. 363 - 388 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Academic Press Inc.
February 1997
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |