Approximate cores of replica games and economies. II: Set-up costs and firm formation in coalition production economies
type: Item
instance of: scholarly article
title: Approximate cores of replica games and economies. II: Set-up costs and firm formation in coalition production economies
zbMATH Open document ID: 0566.90015
DOI: 10.1016/0165-4896(83)90063-X
author: Martin Shubik
author: Myrna Wooders
published in: Mathematical Social Sciences
publication date: 1983-01-01T00:00:00Z
review text: [For part I see ibid. 6, 27-48 (1983; Zbl 0541.90100).] - The authors develop a replication model of a coalition production economy in which there may be set-costs, nonconvexities, and indivisibilities. The only important restriction made is that there is some convex cone satisfying the usual properties of a production set and containing the production set of each coalition. They obtain results showing the nonemptiness of approximate cores of the economy for all sufficiently large replications.
reviewed by: Maurice Salles
Mathematics Subject Classification ID: 91B50
Mathematics Subject Classification ID: 91A12
zbMATH DE Number: 3904283
zbMATH Keywords: firm formation
zbMATH Keywords: coalition production economy
zbMATH Keywords: nonconvexities
zbMATH Keywords: nonemptiness of approximate cores
MaRDI profile type: Publication
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full work available at URL: 0165-4896(83)90063-x
OpenAlex ID: W1531463875
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description: scientific article; zbMATH DE number 3904283