Blocking Efficacy of Small Coalitions in Myopic Economics
We consider a continuum economy with infinitely many commodities and show that, for any positive ε, the core of the economy coincides with the set of allocations which are not blocked by any coalition with measure less than ε. Actually, our main result is an extension of Grodal's (1972) result...
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| Other Authors: | , , |
| Format: | workingPaper |
| Language: | eng |
| Published: |
2019
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10362/89134 |
| Country: | Portugal |
| Oai: | oai:run.unl.pt:10362/89134 |