Core And Equilibria Of A Large Economy. (PSME-5) Werner Hildenbrand
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| Originally published | 1974 |
| Authors | Werner Hildenbrand |
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| ID | 1600883 |
About Core And Equilibria Of A Large Economy. (PSME-5) Werner Hildenbrand
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. " . . .