Econometrica: Jul, 1978, Volume 46, Issue 4

Advantageous Reallocations of Initial Resources

https://www.jstor.org/stable/1909752
p. 835-841

Jean-Jacques Laffont, Roger Guesnerie

This paper shows how the Debreu-Sonnenschein theorem can be used to construct economies where disadvantageous reallocations of resources take place.

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