dc.creator | Florig, Michael | |
dc.creator | Rivera Cayupi, Jorge | |
dc.date.accessioned | 2016-06-17T19:46:56Z | |
dc.date.accessioned | 2019-04-26T00:51:18Z | |
dc.date.available | 2016-06-17T19:46:56Z | |
dc.date.available | 2019-04-26T00:51:18Z | |
dc.date.created | 2016-06-17T19:46:56Z | |
dc.date.issued | 2015-05 | |
dc.identifier | http://repositorio.uchile.cl/handle/2250/138969 | |
dc.identifier.uri | http://repositorioslatinoamericanos.uchile.cl/handle/2250/2443056 | |
dc.description.abstract | 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 discrete economy, called rationing equilibrium, converges to
a Walras equilibrium of the limit economy when the level of indivisibility becomes small. If
the survival assumption does not hold at the limit economy, then the rationing equilibrium
converges to a hierarchic equilibrium | |
dc.language | en | |
dc.publisher | Universidad de Chile, Facultad de Economía y Negocios | |
dc.relation | Serie de documentos de trabajo; 404 | |
dc.rights | http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ | |
dc.rights | Atribución-NoComercial-SinDerivadas 3.0 Chile | |
dc.subject | Competitive equilibrium | |
dc.subject | Indivisible goods | |
dc.subject | Convergence | |
dc.title | Walrasian equilibrium as limit of a competitive equilibrium without divisible goods | |
dc.type | Documentos de trabajo | |