Publications
Detailed Information
Bargaining and Walrasian Equilibrium in Simple Production Economies
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Sonn, SangYoung | - |
dc.date.accessioned | 2009-01-28T01:29:34Z | - |
dc.date.available | 2009-01-28T01:29:34Z | - |
dc.date.issued | 2001-10 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.14 No.4, pp. 379-406 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/1254 | - |
dc.description.abstract | We consider a class of production economies in which there are two goods, leisure and a consumption good, and there are a large number of consumers and firms, modelled as continua. We formalize a bargaining procedure in the labor market, and examine the relation between the bargaining equilibria and the Walrasian equilibria of the underlying production economy. We show that every bargaining equilibrium allocation coincides with a Walrasian equilibrium allocation in the underlying economy. So, a Gale-type result is obtained for our production economies. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | Gale-type result | - |
dc.subject | production economic | - |
dc.subject | Walrasian equilibrium | - |
dc.title | Bargaining and Walrasian Equilibrium in Simple Production Economies | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 손상영 | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 406 | - |
dc.citation.number | 4 | - |
dc.citation.pages | 379-406 | - |
dc.citation.startpage | 379 | - |
dc.citation.volume | 14 | - |
- Appears in Collections:
- Files in This Item:
Item View & Download Count
Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.