Replica Core Limit Theorem for Economy with Satiation

Urai, Ken; Murakami, Hiromi

Discussion Papers In Economics And Business, 2016, 16-9, 1-7

Number of Access:456（2025-07-02 16:01 Counts）

Identifier to cite or link to this item: https://hdl.handle.net/11094/56587

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Title
Replica Core Limit Theorem for Economy with Satiation
Creator
NRID
1000000203597 1000000203597
researchmap permalink
read0175173 read0175173
Scopus Author ID
24287014300 24287014300
CreatorName
Urai, Ken
NRID
1000080803072 1000080803072
CreatorName
Murakami, Hiromi
Subject
Dividend Equilibrium
Core Equivalence
Replica Economy
Economy with Satiation
Abstract
Dividend equilibrium, de ned by Aumann and Dr eze (1986), is one of the most general competitive equilibrium concepts for the market, including satiated consumers. Konovalov (2005) shows a core equivalence theorem to the dividend equilibrium using the concept of rejective core. Konovalov's argument, however, is based on the setting of an atomless large economy and the core limit problem for dividend equilibrium remains unsolved. In a previous paper, Urai and Murakami (2015), we provided a generalization of the Debreu-Scarf core limit theorem (Debreu and Scarf 1963) for monetary overlapping generations economies under an extended concept of replica core allocation. In this paper, we show that the concept and method also provide a core limit theorem for economies with satiation.
Publisher
Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
Source Title
Discussion Papers In Economics And Business
Volume (Issue)
16-9
Page
1-7
Date of Issued
2016-04
Language
English
Handle URL
https://hdl.handle.net/11094/56587
NCID
AA1160366X
Relation.references
URI
http://www2.econ.osaka-u.ac.jp/library/global/dp/1609.pdf
Access Rights
metadata only access
Category
ディスカッション／ワーキング・ペーパー DP/WP
Discussion Papers In Economics And Business