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On Efficient Accumulation Paths in the Closed Production Model
A Note on Separability in Demand Analysis
Aggregate Koyck Functions
Maximization by Quadratic Hill-Climbing
Theory of the Firm: Resource Allocation in a Market Economy
Investment Decisions, Economic Forecasting, and Public Policy
Quasi-Cores in a Monetary Economy with Nonconvex Preferences
A model of a pure exchange economy is investigated without the usual assumption of convex preference sets for the participating traders. The concept of core, taken from the theory of games, is applied to show that if there are sufficiently many participants, the economy as a whole will possess a solution that is sociologically stable--i.e., that cannot profitably be upset by any coalition of traders.