A theory of a heterogeneous divisible commodity exchange economy

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dc.citation.epage59en_US
dc.citation.issueNumber1en_US
dc.citation.spage54en_US
dc.citation.volumeNumber47en_US
dc.contributor.authorHusseinov, F.en_US
dc.date.accessioned2015-07-28T12:00:46Z
dc.date.available2015-07-28T12:00:46Z
dc.date.issued2011en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractIn theoretical land economics the existence of a competitive equilibrium with an additive price is considered problematic. This paper studies the exchange and allocation of a heterogeneous divisible commodity such as land, which is modeled as a measurable space. In a 'land' trading economy with unordered convex preferences, the existence of a competitive equilibrium with an additive equilibrium price is proved. This paper demonstrates also the existence of a weak core and a fair allocation. (C) 2010 Elsevier B.V. All rights reserved.en_US
dc.identifier.doi10.1016/j.jmateco.2010.12.001en_US
dc.identifier.eissn1873-1538
dc.identifier.issn0304-4068
dc.identifier.urihttp://hdl.handle.net/11693/12257
dc.language.isoEnglishen_US
dc.publisherElsevier BVen_US
dc.relation.isversionofhttp://dx.doi.org/10.1016/j.jmateco.2010.12.001en_US
dc.source.titleJournal of Mathematical Economicsen_US
dc.subjectHeterogeneous divisible commodityen_US
dc.subjectExchange economyen_US
dc.subjectLand trading economyen_US
dc.subjectCompetitive equilibriumen_US
dc.subjectCoreen_US
dc.subjectFair divisionen_US
dc.titleA theory of a heterogeneous divisible commodity exchange economyen_US
dc.typeArticleen_US
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