On the competitive equilibrium in the economy with clubs

Authors
Takekuma, S
Citation
S. Takekuma, On the competitive equilibrium in the economy with clubs, HITO J ECON, 41(1), 2000, pp. 17-26
Citations number
12
Categorie Soggetti
Economics
Journal title
HITOTSUBASHI JOURNAL OF ECONOMICS
ISSN journal
0018280X → ACNP
Volume
41
Issue
1
Year of publication
2000
Pages
17 - 26
Database
ISI
SICI code
0018-280X(200006)41:1<17:OTCEIT>2.0.ZU;2-W
Abstract
The competitive equilibrium is defined for an economy with a club and many identical consumers. In an example of the economy, the existence of the com petitive equilibrium is shown. Also, it is proved that any allocation under the competitive equilibrium in the economy is Pareto optimum.