An overlapping generations model core equivalence theorem
نویسندگان
چکیده
منابع مشابه
Division of the Humanities and Social Sciences California Institute of Technology Pasadena, California 91125 an Overlapping Generations Model Core Equivalence Theorem
The classical Debreu-Scarf core equivalence theorem asserts that in an exchange economy with a finite number of agents art allocation (under certain conditions) is a Walrasian equilibrium if and only if it belongs to the core of every replica of the exchange economy. The pioneering work of P. Samuelson has shown that such a result fails to be true in exchange economies with a countable number o...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 1990
ISSN: 0022-0531
DOI: 10.1016/0022-0531(90)90008-8