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May 1972 - Volume 40 Issue 3 Page 579 - 580


p.579


A Remark on the Core of an Atomless Economy

David Schmeidler

Abstract

In an atomless economy any allocation that is not blocked by "small" coalitions is in the core. Hence, in such an economy, a competitive equilibrium is characterized by the blocking power of part of the coalitions which excludes all "big" coalitions.

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