The Strong Sequential Core in a Dynamic Exchange Economy

A. Predtetchinski, P.J.J. Herings*, H.J.M. Peters

*Corresponding author for this work

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Dynamic exchange economies with uncertainty are considered where the information is released over infinite time. The strong sequential core of such an economy consists of those consumption streams that can be improved upon by no coalition at no moment of time. Non-emptiness of the strong sequential core is established given a high enough discount factor. Moreover, sufficient conditions are given under which the strong sequential core contains only time and history independent consumption streams.
Original languageEnglish
Pages (from-to)147-162
JournalEconomic Theory
Publication statusPublished - 1 Jan 2004

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