Econometrica: May 1993, Volume 61, Issue 3
Consistent Solutions in Atomless Economies
Lin Zhou, William ThomsonWe consider the problem of allocating a bundle of commodities among a group of agents who are collectively entitled to them. We prove: For an atomless economy with possibly satiated preferences, any solution that is efficient, equitable, and consistent must select allocations that are supported by equal-budget Walrasian equilibria with slack.
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