Advantageous monopolies

J. Greenberg, B. Shitovitz

Research output: Contribution to journalArticlepeer-review


It is proved that in economies with one atom and one type of small traders, for each core allocation x there is a competitive allocation y whose utility to the monopolist is not greater than that of x, whenever either x is an equal treatment core allocation, or all small traders have the same homogeneous preferences. An example shows that these two requirements are, in general, indispensable for the result to hold.

Original languageEnglish
Pages (from-to)394-402
Number of pages9
JournalJournal of Economic Theory
Issue number2
StatePublished - Dec 1977
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics


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