Skip to content Skip to navigation
University of Warwick
  • Study
  • |
  • Research
  • |
  • Business
  • |
  • Alumni
  • |
  • News
  • |
  • About

University of Warwick
Publications service & WRAP

Highlight your research

  • WRAP
    • Home
    • Search WRAP
    • Browse by Warwick Author
    • Browse WRAP by Year
    • Browse WRAP by Subject
    • Browse WRAP by Department
    • Browse WRAP by Funder
    • Browse Theses by Department
  • Publications Service
    • Home
    • Search Publications Service
    • Browse by Warwick Author
    • Browse Publications service by Year
    • Browse Publications service by Subject
    • Browse Publications service by Department
    • Browse Publications service by Funder
  • Help & Advice
University of Warwick

The Library

  • Login
  • Admin

Price taking equilibrium in economies with multiple memberships in clubs and unbounded club sizes

Tools
- Tools
+ Tools

Allouch, Nizar and Wooders, Myrna Holtz (2008) Price taking equilibrium in economies with multiple memberships in clubs and unbounded club sizes. Journal of Economic Theory, Vol.140 (No.1). pp. 246-278. doi:10.1016/j.jet.2007.07.006 ISSN 0022-0531.

Research output not available from this repository.

Request-a-Copy directly from author or use local Library Get it For Me service.

Official URL: http://dx.doi.org/10.1016/j.jet.2007.07.006

Request Changes to record.

Abstract

We model an economy with clubs (or jurisdictions) where individuals may belong to multiple clubs and where clubs sizes are arbitrary-clubs may be restricted to consist of only one or two persons, or as large as the entire economy, or anything in-between. Notions of price-taking equilibrium and the core, both with communication costs, are introduced. These notions take into account that there is a small communication cost of deviating from a given outcome. We demonstrate that, given communication costs, for all sufficiently large economies the core is nonempty and the set of price-taking equilibrium outcomes is equivalent to the core. (c) 2007 Elsevier Inc. All rights reserved.

Item Type: Journal Article
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HF Commerce
Divisions: Faculty of Social Sciences > Economics
Faculty of Social Sciences > Centre for the Study of Globalisation and Regionalisation
Library of Congress Subject Headings (LCSH): Pricing, Equilibrium (Economics) -- Mathematical models, Social networks, Edgeworth expansions, Clubs -- Accounting, Public goods -- Pricing -- Mathematical models
Journal or Publication Title: Journal of Economic Theory
Publisher: Academic Press
ISSN: 0022-0531
Official Date: May 2008
Dates:
DateEvent
May 2008Published
Volume: Vol.140
Number: No.1
Number of Pages: 33
Page Range: pp. 246-278
DOI: 10.1016/j.jet.2007.07.006
Status: Peer Reviewed
Publication Status: Published
Access rights to Published version: Restricted or Subscription Access
Description:

This paper originally appeared as University of Warwick Department of Economics Working Paper #639 (2002). The
paper was presented at the Athens General Equilibrium Conference, May 2002; PET 2002, June 2002; Social Choice and
Welfare, July 2002; ESEM August, 2002, the Illinois Economic Theory Workshop, April 2003, the University of Chicago
in 2005 and Oxford in 2006.

Version or Related Resource: Allouch, N. and Wooders, M.H. (2002). Competitive pricing in socially networked economies. [Coventry] : University of Warwick, Economics Department. (Warwick economic research papers, no.639). http://wrap.warwick.ac.uk/id/eprint/1551
Related URLs:
  • Related item in WRAP

Data sourced from Thomson Reuters' Web of Knowledge

Request changes or add full text files to a record

Repository staff actions (login required)

View Item View Item
twitter

Email us: wrap@warwick.ac.uk
Contact Details
About Us