Core equivalence with large agents
Theoretical Economics
2021-03-10 v1
Abstract
This paper studies the relationship between core and competitive equilibira in economies that consist of a continuum of agents and some large agents. We construct a class of these economies in which the core and competitive allocations do not coincide.
Cite
@article{arxiv.2103.05136,
title = {Core equivalence with large agents},
author = {Aubrey Clark},
journal= {arXiv preprint arXiv:2103.05136},
year = {2021}
}