THE OPTIMISTIC STABILITY OF THE CORE OF MIXED MARKETS

Authors
GREENBERG J SHITOVITZ B
Citation
J. Greenberg et B. Shitovitz, THE OPTIMISTIC STABILITY OF THE CORE OF MIXED MARKETS, Journal of mathematical economics, 23(4), 1994, pp. 379-386
Citations number
7
Categorie Soggetti
Social Sciences, Mathematical Methods",Economics,"Mathematical, Methods, Social Sciences
Journal title
Journal of mathematical economics → ACNP
ISSN journal
03044068
Volume
23
Issue
4
Year of publication
1994
Pages
379 - 386
Database
ISI
SICI code
0304-4068(1994)23:4<379:TOSOTC>2.0.ZU;2-F
Abstract
We show that the core mapping of a mixed market is the unique optimist ic stable standard of behavior for the core situation. That is, an all ocation belongs to the core of a market if and only if there exists no allocation in the core of a submarket that blocks it.