Barter in Coalitionally Structured Economies

  • Robert P. Gilles
Part of the Theory and Decision Library book series (TDLC, volume 12)

Abstract

In previous chapters we have discussed in detail the properties of Edgeworthian barter processes in finite exchange systems. The main convergence results under the hypothesis of sovereignty of the economic agents, such as the Debreu-Scarf and the Vind-Anderson theorems, show that one may expect that in an exchange system with infinitely many sovereign agents the Edgeworthian barter processes lead to Walrasian equilibrium allocations only.

Keywords

Assure Hull Dition Librium Rium 

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Copyright information

© Kluwer Academic Publishers 1996

Authors and Affiliations

  • Robert P. Gilles
    • 1
  1. 1.Virginia Polytechnic Institute and State UniversityBlacksburgUSA

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