Replica core limit theorem for economies with satiation

Replica core limit theorem for economies with satiation
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饱和经济体的复制核心极限定理

DOI:
10.1007/s40505-017-0119-2
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发表时间:
2017
影响因子:
0.3
通讯作者:
Hiromi Murakami and Ken Urai
Hiromi Murakami and Ken Urai
中科院分区:
--
文献类型:
--
作者:
Kondo;Nozomi;巫リャン;近藤望;巫リャン;近藤望;Hiromi Murakami and Ken Urai

文献摘要

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红利均衡由Aumann和Drèze(1986)定义,是包含满足消费者的市场中最普遍的竞争均衡概念之一。Konovalov(2005)利用排斥核的概念给出了股利均衡的核等价定理。然而,Konovalov的论点是基于一个连续的无原子经济的设置与有限数量的类型,股息均衡的核心极限问题仍然没有解决。在之前的论文中,Urai和Murakami(2016),我们在复制核心分配的扩展概念下,为货币重叠世代经济提供了Debreu-Scarf(1963)核心极限定理的推广。在本文中,我们表明,概念和方法也提供了可拒绝的核心极限和等价定理的经济与满足。
Dividend equilibrium, defined by Aumann and Drèze (1986), is one of the most general competitive equilibrium concepts for markets that include satiated consumers. Konovalov (2005) shows a core equivalence theorem to the dividend equilibrium using the concept ofrejective core. Konovalov’s argument, however, is based on the setting of a continuum atomless economy with a finite number of types, and the core limit problem for dividend equilibrium remains unsolved. In a previous paper, Urai and Murakami (2016), we provided a generalization of the Debreu–Scarf (1963) core limit theorem for monetary overlapping generations economies under an extended concept of replica core allocation. In this paper, we show that the concept and method also provide rejective core limit and equivalence theorems for economies with satiation.