Abstract
Initially this paper considers an assignment game without side payments and proves the non- emptiness of the core of it. Next, a market model with invisible goods but without the transferable utility assumption is presented, and the non-emptiness of the core and the existence of a competitive equilibrium of the market model are shown, using the first result. Finally this paper presents a generalization of the market model and also shows the non-emptiness of the core and the existence of a competitive equilibrium using the results in the previous model.
Original language | English |
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Pages (from-to) | 205-232 |
Number of pages | 28 |
Journal | Journal of Mathematical Economics |
Volume | 10 |
Issue number | 2-3 |
DOIs | |
Publication status | Published - 1982 |
Externally published | Yes |
ASJC Scopus subject areas
- Economics and Econometrics
- Applied Mathematics