Some notes on the core of a production economy with some large traders and a continuum of small traders

Benyamin Shitovitz

doi:10.1016/0304-4068(82)90020-9

Some notes on the core of a production economy with some large traders and a continuum of small traders

Benyamin Shitovitz

Department of Economics

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

Abstract

Two types of production economies in mixed markets are introduced, and the properties of their respective cores are investigated. In particular, it is shown that core allocations involve exploitation of the small traders. Conditions are given under which this discrimination disappears.

Original language	English
Pages (from-to)	99-105
Number of pages	7
Journal	Journal of Mathematical Economics
Volume	9
Issue number	1-2
DOIs	https://doi.org/10.1016/0304-4068(82)90020-9
State	Published - Jan 1982

ASJC Scopus subject areas

Economics and Econometrics
Applied Mathematics

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abstract = "Two types of production economies in mixed markets are introduced, and the properties of their respective cores are investigated. In particular, it is shown that core allocations involve exploitation of the small traders. Conditions are given under which this discrimination disappears.",

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Some notes on the core of a production economy with some large traders and a continuum of small traders

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