Published September 26, 2017
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The Core of a Coalitional Production Economy Without Ordered Preferences
- Creators
- Border, Kim C.
Abstract
It is shown that the core of a coalitional production economy with a balanced technology (Bohm [1974]) is nonempty, even if the consumers have preferences which are intransitive, provided the preferences are convex and continuous. Since such preferences cannot be represented by utility functions, this result does not follow from the nonemptiness of the core of a characteristic function game. Rather, the approach is closer to that of Ichiishi's [1981] social coalitional equilibrium.
Additional Information
Published as Border, Kim C. "A Core Existence Theorem for Games Without Ordered Preferences," Econometrica Vol. 52, No. 6 (Nov., 1984), pp. 1537-1542Attached Files
Submitted - sswp461.pdf
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Additional details
- Alternative title
- A Core Existence Theorem for Games Without Ordered Preferences
- Eprint ID
- 81843
- Resolver ID
- CaltechAUTHORS:20170926-134414751
- Created
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2017-09-26Created from EPrint's datestamp field
- Updated
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2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Series Name
- Social Science Working Paper
- Series Volume or Issue Number
- 461