Title of article :
On balancedness of superadditive games and price equilibria in exchange economies
Author/Authors :
M.A. Meertens، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2005
Pages :
7
From page :
43
To page :
49
Abstract :
Exchange economies with indivisible objects, money and quasi-linear utilities generate non-negative superadditive transferable utility (TU) games. If such an economy has a price equilibrium, then this TU game is balanced. In this note, we prove that the converse of this statement is also true, i.e. every non-negative superadditive and balanced TU game generates an exchange economy with a price equilibrium.
Keywords :
Superadditive games , Balancedness , Price equilibria
Journal title :
Economics Letters
Serial Year :
2005
Journal title :
Economics Letters
Record number :
435568
Link To Document :
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