Core Size, Pricing, and Cost Structure
Date of Award
Master of Arts (MA)
Wayne K. Talley
Call Number for Print
Special Collections LD4331.E26E3
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.
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Edwards, William K..
"Core Size, Pricing, and Cost Structure"
(1979). Master of Arts (MA), Thesis, Economics, Old Dominion University, DOI: 10.25776/qs9y-f859