English, Article, Journal or magazine article edition: Consistency and the Walrasian Allocations Correspondence Nir Dagan

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Bookmark: http://trove.nla.gov.au/version/112071
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Consistency and the Walrasian Allocations Correspondence
Author
  • Nir Dagan
Physical Description
  • preprint
Notes
  • We characterize the Walrasian allocations correspondence, in classes of exchange economies with smooth and convex preferences, by means of consistency requirements and other axioms. We present three characterization results; all of which require consistency, converse consistency and standard axioms. Two characterizations hold also on domains with a finite number of potential agents, one of them requires envy freeness (with respect to trades) and the other--core selection; a third characterization, that requires core selection, applies only to a variable number of agents domain, but is valid also when the domain includes only a small variety of preferences.
  • RePEc:upf:upfgen:151
  • We characterize the Walrasian allocations correspondence by means of consistency requirements and other axioms. We present two characterization results; both require consistency, converse consistency and standard axioms. One of them requires the allocations to be envy free (with respect to trades) and the other--stable with respect to bilateral recontracting. The characterizations hold in classes of exchange economies with smooth and convex preferences, and also on domains with a finite number of potential agents.
  • RePEc:nid:ndagan:012
Language
  • English
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