On A Three Way Equivalence
نویسنده
چکیده
In view of the well known core equivalence results in atomless economies, coincidence of market game equilibrium allocations with competitive allocations is tantamount to a three way equivalence between market game mechanisms, competitive equilibria and the core. Based on this idea I propose an equilibrium refinement of market games which allows me to use the core equivalence machinery to provide an exact market game characterization of competitive equilibria. ∗Correspondence: School of Economic Studies, University of Manchester, Rm N.5.8 Dover Street Bldg, Manchester M13 9PL, United Kingdom. tel: 44-161-275-4863, email: [email protected]
منابع مشابه
ON THE COMPATIBILITY OF A CRISP RELATION WITH A FUZZY EQUIVALENCE RELATION
In a recent paper, De Baets et al. have characterized the fuzzytolerance and fuzzy equivalence relations that a given strict order relation iscompatible with. In this paper, we generalize this characterization by consideringan arbitrary (crisp) relation instead of a strict order relation, while payingattention to the particular cases of a reflexive or irreflexive relation. The reasoninglargely ...
متن کاملThe Variety Generated by Equivalence Algebras
Every equivalence relation can be made into a groupoid with the same underlying set if we define the multiplication as follows: xy = x if x, y are related; otherwise, xy = y. The groupoids, obtained in this way, are called equivalence algebras. We find a finite base for the equations of equivalence algebras. The base consists of equations in four variables, and we prove that there is no base co...
متن کاملOn certain semigroups of transformations that preserve double direction equivalence
Let TX be the full transformation semigroups on the set X. For an equivalence E on X, let TE(X) = {α ∈ TX : ∀(x, y) ∈ E ⇔ (xα, yα) ∈ E}It is known that TE(X) is a subsemigroup of TX. In this paper, we discussthe Green's *-relations, certain *-ideal and certain Rees quotient semigroup for TE(X).
متن کاملFUZZY SUBGROUPS AND CERTAIN EQUIVALENCE RELATIONS
In this paper, we study an equivalence relation on the set of fuzzysubgroups of an arbitrary group G and give four equivalent conditions each ofwhich characterizes this relation. We demonstrate that with this equivalencerelation each equivalence class constitutes a lattice under the ordering of fuzzy setinclusion. Moreover, we study the behavior of these equivalence classes under theaction of a...
متن کاملOn the topological equivalence of some generalized metric spaces
The aim of this paper is to establish the equivalence between the concepts of an $S$-metric space and a cone $S$-metric space using some topological approaches. We introduce a new notion of a $TVS$-cone $S$-metric space using some facts about topological vector spaces. We see that the known results on cone $S$-metric spaces (or $N$-cone metric spaces) can be directly obtained from...
متن کامل