The Usefulness of Core Theory in Economics
Bibliographic Data
| ID | 4029969 |
|---|---|
| Authors | Lester G Telser (University of Chicago, corresponding author) |
| Year | 1994 |
| Volume | 8 |
| Issue | 2 |
| Pages | 151-164 |
| Publication date | 1994-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.8.2.151 |
| OpenAlex | W2171667559 |
| Language | EN |
| Citations received | 8 |
| References cited | 10 |
Core theory furnishes a useful framework for studying a wide variety of economic problems. It has an undeserved reputation of being too abstract owing mainly to the manner in which it is employed in the theory of general equilibrium. In fact, core theory is a highly flexible way of looking at practical economic problems, especially problems in industrial organization. This paper seeks to show how simple numerical examples can illustrate the idea of the core and, in turn, how the core can illustrate basic principles of economics
Economics · Management science · Mathematical economics · Neoclassical economics · Political science · Reputation · Computer Science · Economic theories and models · Economic Theory and Institutions · Economic Theory and Policy · Law
The Core, Transaction Costs, and the Coase Theorem
Core Allocations in Co-investment Problems
The Coase Theorem and the empty core
Business groups and the study of international business
Accountability and Coalitions
The Core of the Party System
Beyond Pigou
Scarf's, Shapley's, and Shubik's Applications of the "Core" to General Equilibrium
| Unique citing works | 8 |
|---|---|
| Citations per year | 0,35 |
| Citation span | 2003 - 2025 (23) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 8 |