On the coincidence of cores and consistent distributions in mixed economic systems
type: Item
instance of: scholarly article
title: On the coincidence of cores and consistent distributions in mixed economic systems
zbMATH Open document ID: 1003.91029
published in: Doklady Mathematics
publication date: 2001-02-13T00:00:00Z
review text: The author analyze the coalition stability of consistent distribution in mixed economic systems with nonlinear budget constraints. The economy comprises two markets. The first is characterized by fixed prices, a government rationing and material rationing. The second is a Walras economy (flexible prices, market clearing). The main result of this paper is the generalization of the Aumann theorem on the coincidence of cores and Walrasian equilibria. In this paper, the coincidence occurs under a strong assumption (A): When there is a government order then there is rationing. From the economic point of view, this result is easily understandable.
reviewed by: Cuong Le Van
Mathematics Subject Classification ID: 91B52
Mathematics Subject Classification ID: 91A12
zbMATH DE Number: 1564304
zbMATH Keywords: core
zbMATH Keywords: consistent distribution
zbMATH Keywords: mixed economics
zbMATH Keywords: Walras equilibrium
author: Valeriĭ Aleksandrovich Vasil'ev
MaRDI profile type: Publication
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description: scientific article; zbMATH DE number 1564304