Browsing by Author "aa53d97a-30c0-4e7f-bcb5-d627c747e11e"

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Artículo

Existence of a competitive equilibrium when all goods are indivisible

Florig, Michael; Rivera Cayupi, Jorge (Elsevier, 2017)

This paper investigates an economy where all consumption goods are indivisible at the individual level, but perfectly divisible at the overall level of the economy. In order to facilitate trading of goods, we introduce ...
Artículo

Walrasian equilibrium as limit of competitive equilibria without divisible goods

Florig, Michael; Rivera, Jorge (Elsevier B.V., 2019)

This paper investigates the limit properties of a sequence of competitive outcomes existing for economies where all commodities are indivisible, as indivisibility vanishes. The nature of this limit depends on whether the ...