Approximate Cores of a General Class of Economies: Part II. Set-Up Costs and Firm Formation in Coalition Production Economies

Authors

Martin Shubik
Myrna Holtz Wooders

Document Type

Discussion Paper

Publication Date

2-1-1982

CFDP Number

619

CFDP Revision Date

1982-06-01

CFDP Pages

36

Abstract

A general model of a coalition production economy allowing set-up costs, indivisibilities, and non-convexities is developed. It is shown that for all sufficiently large replications, approximate cores of the economy are non-empty.

Recommended Citation

Shubik, Martin and Wooders, Myrna Holtz, "Approximate Cores of a General Class of Economies: Part II. Set-Up Costs and Firm Formation in Coalition Production Economies" (1982). Cowles Foundation Discussion Papers. 855.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/855