Econometrica Vol. 39 No. 5 1971
An Equivalence Theorem for the Core of an Economy Whose Atoms Are Not "Too" Big
Abstract
[This paper is a natural outgrowth of recent studies in markets with a "continuum" of traders. An equivalence theorem for the core of such economies was obtained, under the assumption that the measure space of economic agents is atomless. We introduce a sufficient condition under which the preceding result can be extended to economies containing "atomic" traders. The condition bears on the measure of the atoms.]
- DOI
- 10.2307/1909574
- Volume
- 39
- Issue
- 5
- Pages
- 713
- Sources
- bibtex:phds-export.bib crossref openalex