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Erschienen in:
1985 | OriginalPaper | Buchkapitel
Investigating the Use of the Core as a Solution Concept in Spatial Price Equilibrium Games
verfasst von : Patrick T. Harker
Erschienen in: Spatial Price Equilibrium: Advances in Theory, Computation and Application
Verlag: Springer Berlin Heidelberg
Enthalten in: Professional Book Archive
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This paper presents a critical appraisal of the use of the core as a solution concept for games involving spatially separated producers. Starting from the classicl Samuelson/Takayama-Judge spatial price equilibrium model, the core of a game between the producers of commodities in this economy is defined, the conditions ensuring the nonemptiness of the core are stated, and the problems surrounding the definition and computation of the characteristic function are addressed.