We introduce the notion of stable sets with externalities and address the existence problem. The importance of this solution concept is related to the fact that the existence of core allocations for exchange economies is not in general assured in a framework with more than two traders.
Stable Sets for Exchange Economies with Interdependent Preferences / Graziano, MARIA GABRIELLA; Meo, Claudia; Yannelis, Nicholas C.. - n. 461-2016:(2016), pp. 1-46.
Stable Sets for Exchange Economies with Interdependent Preferences
GRAZIANO, MARIA GABRIELLA;MEO, CLAUDIA;
2016
Abstract
We introduce the notion of stable sets with externalities and address the existence problem. The importance of this solution concept is related to the fact that the existence of core allocations for exchange economies is not in general assured in a framework with more than two traders.File in questo prodotto:
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