We prove that the welfare theorems hold in the framework of coalitional exchange economies with public projects, both in case of pure exchange and in the presence of production. The space of agents is assumed to be non-atomic (single traders are negligible) and infinitely many commodities are allowed to be present on the market.
Coalitional economies with public projects / Basile, Achille; DE SIMONE, Anna; Graziano, MARIA GABRIELLA. - In: SOCIAL CHOICE AND WELFARE. - ISSN 0176-1714. - STAMPA. - 25:(2005), pp. 127-139.
Coalitional economies with public projects
BASILE, ACHILLE;DE SIMONE, ANNA;GRAZIANO, MARIA GABRIELLA
2005
Abstract
We prove that the welfare theorems hold in the framework of coalitional exchange economies with public projects, both in case of pure exchange and in the presence of production. The space of agents is assumed to be non-atomic (single traders are negligible) and infinitely many commodities are allowed to be present on the market.File in questo prodotto:
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