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- W2107344715 abstract "UNIVERSITY OF CALIFORNIA, BERKELEY Department of Economics Berkeley, C a l i f o r n i a Working Paper 8 621 CORE ALLOCATIONS AND SMALL INCOME TRANSFERS Robert M. Anderson December 23, 1986 Key words: Core, Walrasian equilibrium, approximate equilibrium, non- convex preferences, Shapley-Folkman theorem, income t r a n s f e r s , gap-minimizing p r i c e s . Abstract We show that, given any allocation / i n the core of an exchange economy, we can find small income transfers and a Walrasian allocation / most agents are indifferent between / and / . A A relative to the transfers such that In addition, we can find small income transfers and an approximate Walrasian allocation / relative to the transfers such that all agents are indifferent between / and / . JEL C l a s s i f i c a t i o n :" @default.
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- W2107344715 date "2010-07-01" @default.
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- W2107344715 title "Core allocations and small income transfers" @default.
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- W2107344715 doi "https://doi.org/10.1016/j.jmateco.2009.06.010" @default.
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