An exchange economy is considered in which there are a finite number of individuals, the same number of indivisibles, and a fixed amount of a divisible good. Each individual consumes exactly one of the indivisibles and a certain quantity of the divisible good. The existence of prices corresponding to Pareto-efficient allocations is proved. It is also shown that this economy possesses fair allocations, income-fair allocations, coalition-fair allocations, and Pareto-efficient egalitarian-equivalent allocations.
MLA
Svensson, Lars-Gunnar. “Large Indivisibles: An Analysis with Respect to Price Equilibrium and Fairness.” Econometrica, vol. 51, .no 4, Econometric Society, 1983, pp. 939-954, https://www.jstor.org/stable/1912044
Chicago
Svensson, Lars-Gunnar. “Large Indivisibles: An Analysis with Respect to Price Equilibrium and Fairness.” Econometrica, 51, .no 4, (Econometric Society: 1983), 939-954. https://www.jstor.org/stable/1912044
APA
Svensson, L.-G. (1983). Large Indivisibles: An Analysis with Respect to Price Equilibrium and Fairness. Econometrica, 51(4), 939-954. https://www.jstor.org/stable/1912044
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