We study economies where all commodities are indivisible at the individual level, but perfectly divisible at the aggregate level. Under general hypotheses over the economy, the ain contribution of this paper is the prove that a rationing equilibrium converge to aWalrasian equilibrium of a limit economy when the level of indivisibility become small. If the non-satiation and the survival assumption are not satisfied at the limit economy, the rationing equilibrium converge to a hierarchic equilibrium.competitive equilibrium, indivisible goods, convergence.
We analyze an exchange economy in which (i) all commodities except money are indivisible, (ii) agent...
Abstract. We prove indeterminacy of competitive equilibrium in sequential economies, where limited c...
We prove indeterminacy of competitive equilibrium in sequential economies, where limited commitment...
We study economies where all commodities are indivisible at the individual level, but perfectly div...
This paper investigates the limit properties of a sequence of competitive outcomes existing for econ...
We study a production economy where all consumption goods are indivisible at the individual level b...
This paper studies a production economy with indivisibilities. We provide a characterization for all...
International audienceIn a simple exchange economy we propose a bargaining procedure that leads to a...
In a simple exchange economy we propose a bargaining procedure that leads to a Walrasian outcome as ...
In this paper we consider a class of economies with a finite number of divisible commodities, linear...
In this paper we introduce a model of an exchange economy with indivisible goods and money.There are...
In an economy with indivisible goods, a continuum of agents and quasilinear utility, we show that eq...
This paper characterizes the out-of-equilibrium dynamics of a symmetric, pure exchange economy with ...
This paper characterizes the out-of-equilibrium dynamics of a symmetric, pure exchange economy with ...
The existence of an exact Walrasian equilibrium in non convex economies is still a largely unexplore...
We analyze an exchange economy in which (i) all commodities except money are indivisible, (ii) agent...
Abstract. We prove indeterminacy of competitive equilibrium in sequential economies, where limited c...
We prove indeterminacy of competitive equilibrium in sequential economies, where limited commitment...
We study economies where all commodities are indivisible at the individual level, but perfectly div...
This paper investigates the limit properties of a sequence of competitive outcomes existing for econ...
We study a production economy where all consumption goods are indivisible at the individual level b...
This paper studies a production economy with indivisibilities. We provide a characterization for all...
International audienceIn a simple exchange economy we propose a bargaining procedure that leads to a...
In a simple exchange economy we propose a bargaining procedure that leads to a Walrasian outcome as ...
In this paper we consider a class of economies with a finite number of divisible commodities, linear...
In this paper we introduce a model of an exchange economy with indivisible goods and money.There are...
In an economy with indivisible goods, a continuum of agents and quasilinear utility, we show that eq...
This paper characterizes the out-of-equilibrium dynamics of a symmetric, pure exchange economy with ...
This paper characterizes the out-of-equilibrium dynamics of a symmetric, pure exchange economy with ...
The existence of an exact Walrasian equilibrium in non convex economies is still a largely unexplore...
We analyze an exchange economy in which (i) all commodities except money are indivisible, (ii) agent...
Abstract. We prove indeterminacy of competitive equilibrium in sequential economies, where limited c...
We prove indeterminacy of competitive equilibrium in sequential economies, where limited commitment...