Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Sep, 1971, Volume 39, Issue 5

An Equivalence Theorem for the Core of an Economy Whose Atoms Are Not "Too" Big<713:AETFTC>2.0.CO;2-4
p. 713-721

Jean Jaskold Gabszewicz, Jean-Francois Mertens

This paper is a natural outgrowth of recent studies in markets with a "continuum" of traders. An equivalence theorem for the core of such economies was obtained, under the assumption that the measure space of economic agents is atomless. We introduce a sufficient condition under which the preceding result can be extended to economies containing "atomic" traders. The condition bears on the measure of the atoms.

Log In To View Full Content

Journal News