We study exchange economieswhere the preference relation of each consumer depends also on the consumptions of the other consumers. In the setting of economies with a finite number n ≥ 2 of consumers and non-ordered and discontinuous preferences, we give sufficient and necessary conditions for the existence of alpha-core allocations in the sense of Yannelis (Equilibrium theory in infinite dimensional spaces, 102–123, 1991). The result has been obtained by means of the Ky Fan minimax inequality.
Existence of alpha-core allocations in economies with non-ordered and discontinuous preferences / Scalzo, Vincenzo. - In: ECONOMIC THEORY BULLETIN. - ISSN 2196-1093. - 10:1(2022), pp. 1-12. [10.1007/s40505-022-00223-5]
Existence of alpha-core allocations in economies with non-ordered and discontinuous preferences
Scalzo, Vincenzo
2022
Abstract
We study exchange economieswhere the preference relation of each consumer depends also on the consumptions of the other consumers. In the setting of economies with a finite number n ≥ 2 of consumers and non-ordered and discontinuous preferences, we give sufficient and necessary conditions for the existence of alpha-core allocations in the sense of Yannelis (Equilibrium theory in infinite dimensional spaces, 102–123, 1991). The result has been obtained by means of the Ky Fan minimax inequality.| File | Dimensione | Formato | |
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