Non-emptiness of the alpha-core


Autoria(s): Martins-da-Rocha, Victor Filipe; Yannelis, Nicholas C.
Data(s)

06/05/2011

06/05/2011

06/05/2011

Resumo

We prove non-emptiness of the alpha-core for balanced games with non-ordered preferences, extending and generalizing in several aspects the results of Scarf (1971), Border (1984), Florenzano (1989), Yannelis (1991) and Kajii (1992). In particular we answer an open question in Kajii (1992) regarding the applicability of the non-emptiness results to models with infinite dimensional strategy spaces. We provide two models with Knightian and voting preferences for which the results of Scarf (1971) and Kajii (1992) cannot be applied while our non-emptiness result applies.

Identificador

0104-8910

http://hdl.handle.net/10438/8024

Idioma(s)

en_US

Publicador

Fundação Getulio Vargas. Escola de Pós-graduação em Economia

Relação

Ensaios Econômicos;716

Palavras-Chave #Alpha-core #Knightian preferences #Infinite dimensional strategy spaces #Externalities #Externalidades (Economia) #Equilíbrio econômico #Economia
Tipo

Working Paper