Emma Moreno-García

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We associate to any pure exchange economy a game with only two players, regardless of the number of consumers. In this two-player game, each player represents a different role of the society, which is formed by all the individuals in the economy. Player 1 selects feasible allocations trying to make Pareto improvements. Player 2 chooses an alternative from(More)
We consider a continuum economy with infinitely many commodities and show that, for any positive =, the core of the economy coincides with the set of allocations which are not blocked by any coalition with measure less than =. Actually, our main result is an extension of Grodal's (1972, Econometrica 40, 581 583) result and, therefore, Schmeidler's (1972,(More)
Increasing antibiotic resistance is one of the leading problems in the Public Agenda worldwide. In the last 20 years, the pace of antimicrobial drug development has markedly slowed leading to a dramatic world situation. Infections with antibiotic-resistant microorganisms have been associated with increased length of stay, mortality and costs. Improving(More)
We consider a pure exchange economy with a finite set of types of agents which have incomplete and asymmetric information on the states of nature. Our aim is to describe the equilibrium price formation and how the lack of information may affect the allocation of resources. For it, we adapt to an asymmetric information scenario a variant of the ShapleyShubik(More)
Bergstrom, Blume and Varian (1986) provides an elegant gametheoretic model of an economy with one private good and one public good. Strategies of players consist of voluntary contributions of the private good to public good production. Without relying on …rst order conditions, the authors demonstrate existence of Nash equilibrium and an extension of Warr’s(More)
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