@booklet {dagan-cdatwac1994,
	title = {Consistency, Decentralization and the Walrasian Allocations Correspondence},
	howpublished = {Discussion Papers},
	year = {1994},
	month = {1},
	abstract = {In this paper we study finite-agent exchange economies. We extend the classical model by adding an imports-exports vector, which defines the markets clearing conditions of the economy. Equipped with this new definition, self-consistency properties are naturally defined. We show that the Core correspondence and the Walrasian allocations correspondence are self-consistent. In addition, we present an axiomatic characterization of the Walrasian allocations correspondence for a class of convex and smooth economies. All the axioms presented in the characterization are satisfied by the Core, except for a converse-consistency property, which can be interpreted as a requirement of decentralization.},
	author = {Nir Dagan}
}
