Replica Core Equivalence Theorem : An Extension of the Debreu-Scarf Limit Theorem to Double Infinity Monetary Economies

Urai, Ken; Murakami, Hiromi

Replica Core Equivalence Theorem : An Extension of the Debreu-Scarf Limit Theorem to Double Infinity Monetary Economies

Urai, Ken; Murakami, Hiromi

Discussion Papers In Economics And Business, 2015, 14-35-Rev.2, 1-6

アクセス数:472件（2025-08-27 00:23 集計）

固定URL: https://hdl.handle.net/11094/50985

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タイトル	Replica Core Equivalence Theorem : An Extension of the Debreu-Scarf Limit Theorem to Double Infinity Monetary Economies
著者	NRID 1000000203597 1000000203597 researchmap permalink read0175173 read0175173 Scopus Author ID 24287014300 24287014300 著者名 Urai, Ken
著者	NRID 1000080803072 1000080803072 著者名 Murakami, Hiromi
キーワード等	Monetary Equilibrium
	Overlapping Generations Model
	Core Equivalence
	Replica Economy
	Non-Orderd Preference
内容	* Revised：Replica Core Equivalence Theorem: An Extension of Debreu-Scarf Limit Theorem to Double Infinity Monetary Economies [14-35, 2014]
内容	* Revised： [14-35-Rev., 2015]
抄録	An overlapping generations model with the double infinity of commodities and agents is the most fundamental framework to introduce outside money into a static economic model. In this model, competitive equilibria may not necessarily be Pareto-optimal. Although Samuelson (1958) emphasized the role of at money as a certain kind of social contract, we cannot characterize it as a cooperative game-theoretic solution like a core. In this paper, we obtained a finite replica core characterization of Walrasian equilibrium allocations under non-negative wealth transfer and a core-limit characterization of Samuelson's social contrivance of money. Preferences are not necessarily assumed to be ordered.
出版者	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
収録物名	Discussion Papers In Economics And Business
巻(号)	14-35-Rev.2
ページ	1-6
刊行年月	2015-05
言語	英語
ハンドルURL	https://hdl.handle.net/11094/50985
NCID	AA1160366X
関連情報 (references)	URI http://www2.econ.osaka-u.ac.jp/library/global/dp/1435R2.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Discussion Papers In Economics And Business
最終更新日	2015-03
最終更新日	2015-05

資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	Discussion Papers In Economics And Business. 2015, 14-35-Rev.2, p. 1-6
DC.title	Replica Core Equivalence Theorem : An Extension of the Debreu-Scarf Limit Theorem to Double Infinity Monetary Economies
DC.creator	Urai, Ken
DC.creator	Murakami, Hiromi
DC.publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2015-05
DC.relation' scheme='DCTERMS.URI	http://www2.econ.osaka-u.ac.jp/library/global/dp/1435R2.pdf
DC.subject	Monetary Equilibrium
	Overlapping Generations Model
	Core Equivalence
	Replica Economy
	Non-Orderd Preference
DC.description	* Revised：Replica Core Equivalence Theorem: An Extension of Debreu-Scarf Limit Theorem to Double Infinity Monetary Economies [14-35, 2014]
DC.description	* Revised： [14-35-Rev., 2015]
DCTERMS.abstract	An overlapping generations model with the double infinity of commodities and agents is the most fundamental framework to introduce outside money into a static economic model. In this model, competitive equilibria may not necessarily be Pareto-optimal. Although Samuelson (1958) emphasized the role of at money as a certain kind of social contract, we cannot characterize it as a cooperative game-theoretic solution like a core. In this paper, we obtained a finite replica core characterization of Walrasian equilibrium allocations under non-negative wealth transfer and a core-limit characterization of Samuelson's social contrivance of money. Preferences are not necessarily assumed to be ordered.
DC.format	50985
citation_title	Replica Core Equivalence Theorem : An Extension of the Debreu-Scarf Limit Theorem to Double Infinity Monetary Economies
citation_author	Urai, Ken
citation_author	Murakami, Hiromi
citation_publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
citation_language	英語
citation_date	2015-05
citation_journal_title	Discussion Papers In Economics And Business
citation_volume	14-35-Rev.2
citation_firstpage	1
citation_lastpage	6
citation_public_url	https://hdl.handle.net/11094/50985
citation_abstract_html_url	http://www2.econ.osaka-u.ac.jp/library/global/dp/1435R2.pdf

Replica Core Equivalence Theorem : An Extension of the Debreu-Scarf Limit Theorem to Double Infinity Monetary Economies

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