Date of Award

Spring 5-1979

Document Type

Thesis

Degree Name

Master of Arts (MA)

Department

Economics

Committee Director

Wayne K. Talley

Committee Member

Gary French

Committee Member

Ann Schwarz-Miller

Call Number for Print

Special Collections LD4331.E26E3

Abstract

This thesis presents a proof of an inverse limit theorem of the core of an economy. The implication of the theorem is that a larger core can be obtained by the formation of coalitions. A large core contains multiple Pareto optimal allocations from which society may select in order to maximize its welfare. Furthermore, this paper places an emphasis on pricing schemes that guarantee a core allocation under increasing returns to scale. Two pricing models are introduced that guarantee a non-empty core under increasing returns to scale.

Rights

In Copyright. URI: http://rightsstatements.org/vocab/InC/1.0/ This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).

DOI

10.25776/qs9y-f859

Download

Share

COinS