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- W2067991215 abstract "An economy with a single output and input is considered for the case of economies of scale in production. Equilibria are studied for a cooperative game of joint production in which goods are allocated by a price system. The paper proposes a second-best core in which allocations that are feasible for a coalition must be attainable by a price system. Existence is examined and properties of second-best core allocations are analyzed. Copyright 1989 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association." @default.
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- W2067991215 date "1989-08-01" @default.
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- W2067991215 title "The Second Best Core" @default.
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- W2067991215 doi "https://doi.org/10.22004/ag.econ.296054" @default.
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