Replica core limit theorem for economies with satiation
Replica core limit theorem for economies with satiation
复制标题
饱和经济体的复制核心极限定理
DOI:
10.1007/s40505-017-0119-2
复制
发表时间:
2017
影响因子:
0.3
通讯作者:
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
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.