The optimistic stability of the core mapping in public goods production economies

Ezra Einy; Benyamin Shitovitz

doi:10.1007/BF01211792

The optimistic stability of the core mapping in public goods production economies

Ezra Einy, Benyamin Shitovitz

Department of Economics

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

Abstract

We show that in a production economy with public goods and a measure space of agents an allocation belongs to the core of the economy if and only if there exists no allocation in the core of a subeconomy that blocks it.

Original language	English
Pages (from-to)	523-528
Number of pages	6
Journal	Economic Theory
Volume	6
Issue number	3
DOIs	https://doi.org/10.1007/BF01211792
State	Published - Oct 1995

ASJC Scopus subject areas

Economics and Econometrics

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abstract = "We show that in a production economy with public goods and a measure space of agents an allocation belongs to the core of the economy if and only if there exists no allocation in the core of a subeconomy that blocks it.",

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The optimistic stability of the core mapping in public goods production economies

Abstract

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