A Replica Core Equivalence Theorem for Economy with Satiation

センコウ　ホウワテン　ノ　ソンザイスル　ケイザイ　ニオケル　コア　キョクゲン　テイリ

ムラカミ, ヒロミ

Murakami, Hiromi

浦井, 憲

ウライ, ケン

Urai, Ken

The Economic Society of Osaka University　and　Graduate School of Economics, Osaka University

オオサカ　ダイガク　ケイザイ　ガッカイ オオサカ　ダイガク　ダインガクイン　ケイザイガク　ケンキュウカ

コア極限定理

レプリカ経済

Core Equivalence

Replica Economy

Dividend equilibrium defined by Aumann and Drèze (1986) is one of the most general competitive equilibrium concept for the market with satiation. Konovalov (2005) shows that a core equivalence theorem to the dividend equilibrium by using the concept of rejective core. However, Konovalov's argument is based on the setting of the atomless large economy and the core limit theorem for dividend equilibrium remains unproved. In the previous paper, Urai and Murakami (2015), the authors provided a generalization of Debreu-Scarf core limit theorem for monetary overlapping generations economies under an extended concept of the replica core allocation. In this paper, we show that the concept also provide a generalization of Debreu-Scarf core limit theorem for economies with satiation.

浦井, 憲