haku: @author Gilles, R. P. / yhteensä: 2
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| Tekijä: | Gilles, R. P. Scotchmer, S. |
| Otsikko: | Decentralization in replicated club economies with multiple private goods |
| Lehti: | Journal of Economic Theory
1997 : FEB, VOL. 72:2, p. 363-387 |
| Asiasana: | DECENTRALISATION SEGMENTATION EQUILIBRIUM ANALYSIS |
| Kieli: | eng |
| Tiivistelmä: | This paper shows that exhaustion of blocking opportunities is a sufficient condition such that every allocation on the core of a replicated club economy can be decentralized as a competitive equilibrium and that a related condition "efficient scale" is necessary and sufficient such that competitive equilibrium exists. The results do not require the Euclidean structure and monotonicity, convexity of costs or preferences a,d assumption that private goods are necessary. |
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