Production games, core deficit, duality and shadow prices

Sjur Didrik Flåm

Banach Center Publications (2006)

  • Volume: 71, Issue: 1, page 103-114
  • ISSN: 0137-6934

Abstract

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Considered here are production (or market) games with transferable utility. Prime objects are explicitly computable core solutions, or somewhat "deficit" versions of such, fully defined by shadow prices. Main arguments revolve around standard Lagrangian duality. A chief concern is to relax, or avoid, the commonplace assumption that all preferences and production possibilities be convex. Doing so, novel results are obtained about non-emptiness of the core, and about specific imputations therein.

How to cite

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Sjur Didrik Flåm. "Production games, core deficit, duality and shadow prices." Banach Center Publications 71.1 (2006): 103-114. <http://eudml.org/doc/281818>.

@article{SjurDidrikFlåm2006,
abstract = {Considered here are production (or market) games with transferable utility. Prime objects are explicitly computable core solutions, or somewhat "deficit" versions of such, fully defined by shadow prices. Main arguments revolve around standard Lagrangian duality. A chief concern is to relax, or avoid, the commonplace assumption that all preferences and production possibilities be convex. Doing so, novel results are obtained about non-emptiness of the core, and about specific imputations therein.},
author = {Sjur Didrik Flåm},
journal = {Banach Center Publications},
language = {eng},
number = {1},
pages = {103-114},
title = {Production games, core deficit, duality and shadow prices},
url = {http://eudml.org/doc/281818},
volume = {71},
year = {2006},
}

TY - JOUR
AU - Sjur Didrik Flåm
TI - Production games, core deficit, duality and shadow prices
JO - Banach Center Publications
PY - 2006
VL - 71
IS - 1
SP - 103
EP - 114
AB - Considered here are production (or market) games with transferable utility. Prime objects are explicitly computable core solutions, or somewhat "deficit" versions of such, fully defined by shadow prices. Main arguments revolve around standard Lagrangian duality. A chief concern is to relax, or avoid, the commonplace assumption that all preferences and production possibilities be convex. Doing so, novel results are obtained about non-emptiness of the core, and about specific imputations therein.
LA - eng
UR - http://eudml.org/doc/281818
ER -

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