TY  - GEN
AB  - We consider a pure exchange economy with finitely many indivisible commodities that are available only in integer quantities. We prove that in such an economy with a sufficiently large number of agents, but finitely many agents, the strong core coincides with the set of cost-minimized Walras allocations. Because of the indivisibility, the preference maximization does not imply the cost minimization. A cost-minimized Walras equilibrium is a state where, under some price vector, all agents satisfy both the preference maximization and the cost minimization.
DA  - 2009
KW  - Cost-minimized Walras equilibrium
KW  - Core equivalence
KW  - Indivisible commodities
KW  - Strong core
LA  - eng
PY  - 2009
SN  - 0931-6558
TI  - Indivisible commodities and an equivalence theorem on the strong core
UR  - https://nbn-resolving.org/urn:nbn:de:0070-bipr-47712
Y2  - 2024-11-22T06:41:35
ER  -