Article ID Journal Published Year Pages File Type
9549554 Economics Letters 2005 7 Pages PDF
Abstract
Exchange economies with indivisible objects, money and quasi-linear utilities generate non-negative superadditive transferable utility (TU) games. If such an economy has a price equilibrium, then this TU game is balanced. In this note, we prove that the converse of this statement is also true, i.e. every non-negative superadditive and balanced TU game generates an exchange economy with a price equilibrium.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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