THE OPTIMISTIC STABILITY OF THE CORE MAPPING IN PUBLIC-GOODS PRODUCTION ECONOMIES

Authors
EINY E SHITOVITZ B
Citation
E. Einy et B. Shitovitz, THE OPTIMISTIC STABILITY OF THE CORE MAPPING IN PUBLIC-GOODS PRODUCTION ECONOMIES, Economic theory, 6(3), 1995, pp. 523-528
Citations number
9
Categorie Soggetti
Economics
Journal title
Economic theory → ACNP
ISSN journal
09382259
Volume
6
Issue
3
Year of publication
1995
Pages
523 - 528
Database
ISI
SICI code
0938-2259(1995)6:3<523:TOSOTC>2.0.ZU;2-1
Abstract
We show that in a production economy with public goods and a measure s pace of agents an allocation belongs to the core of the economy if and only if there exists no allocation in the core of a subeconomy that b locks it.