Walrasian equilibrium as limit of competitive equilibria without divisible goods
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DOI: 10.1016/j.jmateco.2019.05.001
Abstract: We study economies where all commodities are indivisible at the individual level, but per- fectly divisible at the aggregate level of the economy. Under the survival assumption, we show that any rationing equilibrium (Florig and… read more here.
Keywords: walrasian equilibrium; limit competitive; equilibrium; equilibrium limit ... See more keywords