Advantageous monopolies

J. Greenberg; B. Shitovitz

doi:10.1016/0022-0531(77)90015-1

Advantageous monopolies

Research output: Contribution to journal › Article › peer-review

Abstract

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 language	English
Pages (from-to)	394-402
Number of pages	9
Journal	Journal of Economic Theory
Volume	16
Issue number	2
DOIs	https://doi.org/10.1016/0022-0531(77)90015-1
State	Published - Dec 1977
Externally published	Yes

ASJC Scopus subject areas

Economics and Econometrics

Access to Document

10.1016/0022-0531(77)90015-1

Cite this

@article{e33b243b1303474ebc99922e7f972ec6,

title = "Advantageous monopolies",

abstract = "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.",

author = "J. Greenberg and B. Shitovitz",

year = "1977",

month = dec,

doi = "10.1016/0022-0531(77)90015-1",

language = "English",

volume = "16",

pages = "394--402",

journal = "Journal of Economic Theory",

issn = "0022-0531",

publisher = "Academic Press Inc.",

number = "2",

}

TY - JOUR

T1 - Advantageous monopolies

AU - Greenberg, J.

AU - Shitovitz, B.

PY - 1977/12

Y1 - 1977/12

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=49449124491&partnerID=8YFLogxK

U2 - 10.1016/0022-0531(77)90015-1

DO - 10.1016/0022-0531(77)90015-1

M3 - Article

AN - SCOPUS:49449124491

SN - 0022-0531

VL - 16

SP - 394

EP - 402

JO - Journal of Economic Theory

JF - Journal of Economic Theory

IS - 2

ER -

Advantageous monopolies

Abstract

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this