Econometrica Vol. 39 No. 6 1971
Equilibrium Analysis of Exchange Economies with Indivisible Commodities
Abstract
[Economies with indivisible commodities admit allocations that are nearly price equilibria, provided that the number of agents is large relative to the number of commodities. In the course of the proof, it is shown that a similar result is valid if agents are insensitive to small price changes.]
- DOI
- 10.2307/1909672
- Volume
- 39
- Issue
- 6
- Pages
- 997
- Sources
- bibtex:phds-export.bib crossref openalex