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On the Shapley-Scarf economy: The case of multiple types of indivisible goods. (English) Zbl 1007.91036
From the authors’ summary: We study a generalization of Shapley-Scarf’s economy in which multiple types of indivisible goods are traded. We show that many of the distinctive results from the Shapley-Scarf economy do not carry over to this model… The core may be empty. The strict core, if nonempty, may be multi-valued, and might not coincide with the set of competitive allocations. Furthermore, there is no Pareto efficient, individually rational, and strategy-proof social choice rule.

91B60 Trade models
91A40 Other game-theoretic models
Full Text: DOI
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