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Persistent link: https://www.econbiz.de/10005370594
We consider a discrete time, pure exchange infinite horizon economy with $ n\geq 2$ consumers and $\ell \geq 1$ consumption goods per period. Within the framework of decentralized mechanisms, we show that for any given consumption trade at any period of time, say at time one, the consumers will...
Persistent link: https://www.econbiz.de/10005596562