Every competitive equilibrium allocation x* belongs to the core of the corresponding market game. 02 - Core

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Every competitive equilibrium allocation x* belongs to the core of the corresponding market game.

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Foundations of Mathematical Economics

ISBN: 978-0262531924

1st edition

Authors: Michael Carter

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Question Posted: May 02, 2016 11:31 AM

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p* is a competitive equilibrium price if z(p*) 0.
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Every competitive equilibrium allocation x* belongs to the core of the corresponding market game. 02 - Core

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02 - Core

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Assume that p x is a competitive equilibrium of an exchange economy but that x does n...View the full answer

Foundations of Mathematical Economics

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