Core And Equilibria Of A Large Economy. (PSME-5)
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| Originally published | 1974 |
| Authors | Werner Hildenbrand |
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| Date of Upd. | |
| ID | 2098760 |
About Core And Equilibria Of A Large Economy. (PSME-5)
Can every allocation in the core of an economy be decentralized by a suitably chosen price system? Werner Hildenbrand shows that the answer is yes if the economy has "many" participating agents and if the influence of every individual agent on collective actions is "negligible. " . . .