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First via a counter example it is shown that the Proposition 3 of Anbarci & Sun (2013) is false. Then a gap and a mistake in their proof are identified. Finally, a modified version of their Proposition 3 is stated and proved.
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In Lieu of an Introduction: How I Remember Leonid Hurwicz -- Institution Design: Technical Change and the Decentralization Penalty -- Fundamental Theory of Institutions: a Lecture in Honor of Leo Hurwicz -- The Hurwicz Program, Past and Suggestions for the Future -- Social Networks from a...
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First via a counter example it is shown that Proposition 3 of Anbarci and Sun (2013) is false. Then a gap and a mistake in their proof are identified. Finally, a modified version of their Proposition 3 is stated and proved.
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Core equivalence and shrinking of the core results are well known for economies. The present paper establishes counterparts for bargaining economies, a specific class of production economies (finite and infinite) representing standard two-person bargaining games and their continuum counterparts...
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