Econometrica: Nov 1971, Volume 39, Issue 6

Equilibrium Analysis of Exchange Economies with Indivisible Commodities

https://doi.org/0012-9682(197111)39:6<997:EAOEEW>2.0.CO;2-4
p. 997-1008

Egbert Dierker

Economies with indivisible commodities admit allocations that are nearly price equilibria, provided that the number of agents is large relative to the number of commodities. In the course of the proof, it is shown that a similar result is valid if agents are insensitive to small price changes.

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