Asset Details
Do you wish to reserve the book?
Monotonic Preferences and Core Equivalence
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Monotonic Preferences and Core Equivalence
Do you wish to request the book?
Monotonic Preferences and Core Equivalence
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Monotonic Preferences and Core Equivalence
1991
Overview
Examples of well-behaved sequences of economies without monotonic preferences are constructed. These economies have core allocations that cannot be decentralized by prices, even in a weak sense. Relaxing the monotonicity assumption results in core allocations that are not uniformly integrable, breaking the connection between the continuum and the large finite model. If in addition preferences are nonconvex, even sequences of economies with uniformly bounded core allocations may fail to exhibit equivalence properties. Sufficient conditions to restore convergence are provided.
