Econometrica: Nov 1978, Volume 46, Issue 6
Unequal Treatment in the Core
A. Khan, H. M. PolemarchakisIt is demonstrated that, under regularity assumptions on individuals' preferences, for an open dense set of exchange economies indexed by initial endowments, the core does not possess the equal treatment property. The assumptions made on individuals' preferences are subsequently shown to characterize an open dense subject of the space of preferences.
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