Advantageous monopolies

J. Greenberg; B. Shitovitz

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

Advantageous monopolies

J. Greenberg
, B. Shitovitz

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

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10.1016/0022-0531(77)90015-1

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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",

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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.

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Advantageous monopolies

Abstract

ASJC Scopus subject areas

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