Browsing by Author "Florig, Michael"
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Florig, Michael; Rivera Cayupi, Jorge (Universidad de Chile, Facultad de Economía y Negocios, 2015-05)We study a production economy where all consumption goods are indivisible at the individual level but perfectly divisible at the overall economy level. In order to facilitate the exchange in this setting, we introduce a ...
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Florig, Michael; Rivera Cayupi, Jorge (Universidad de Chile, Facultad de Economía y Negocios, 2015-05)We study economies where all commodities are indivisible at the individual level, but perfectly divisible at the aggregate level of the economy. Under the survival assumption, we show that a competitive outcome in the ...