Title

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

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.

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