An extension of the Brown-Robinson equivalence theorem

摘要

In this paper we present an extension of the Brown–Robinson equivalence theorem on the core and competitive allocations of a nonstandard exchange economy. This has, as its implication, a corresponding extension of their result on the cores of large but finite economies. The extension is based on a result which shows that the core allocations of a nonstandard exchange economy with “integrable” endowments are “integrable.”