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The Optimistic Stability of the Core Mapping in Public Goods Production Economies

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  • Einy, Ezra
  • Shitovitz, Benyamin

Abstract

We show that in a production economy with public goods and a measure space of agents an allocation belongs to the core of the economy if and only if there exists no allocation in the core of a subeconomy that blocks it.

Suggested Citation

  • Einy, Ezra & Shitovitz, Benyamin, 1995. "The Optimistic Stability of the Core Mapping in Public Goods Production Economies," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(3), pages 523-528, November.
    • Handle: RePEc:spr:joecth:v:6:y:1995:i:3:p:523-28
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    Cited by:

    1. Sheng-Chieh Huang & Xiao Luo, 2008. "Stability, sequential rationality, and subgame consistency," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 34(2), pages 309-329, February.
    2. Shitovitz, Benyamin & Weber, Shlomo, 1997. "The graph of Lindahl correspondence as the unique von Neumann-Morgenstern abstract stable set," Journal of Mathematical Economics, Elsevier, vol. 27(4), pages 375-387, May.
    3. Toshiyuki Hirai, 2008. "von Neumann–Morgenstern stable sets of income tax rates in public good economies," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(1), pages 81-98, October.

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