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• W1504902262 abstract "We study economies where all commodities are indivisible at the individual level, but perfectly divisible at the aggregate level. Paper (fiat) money which does not influence agents preferences may be used to facilitate exchange. In a parallel paper (Florig and Rivera (2002), we introduced a competitive equilibrium notion for such a set up called rationing equilibrium. Here, we will establish welfare theorema and a core equivalence result for this equilibrium notion.." @default.
• W1504902262 created "2016-06-24" @default.
• W1504902262 creator A5075304277 @default.
• W1504902262 creator A5078962463 @default.
• W1504902262 date "2002-10-01" @default.
• W1504902262 modified "2023-09-27" @default.
• W1504902262 title "Welfare Theorema and Core Equivalence without Divisible Goods" @default.
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