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We explore the generality of Konrad and Lommerud's (1995) Rotten Spouse Theorem. While the result holds for an arbitrary number of agents, it fails to hold for general technologies. We discuss some of the implications for CO2-emissions models
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We explore the generality of Konrad and Lommerud (1995)'s Rotten Spouse Theorem. While the result holds for an arbitrary number of agents, it fails to hold for general technologies. We discuss some of the implications for CO2-emissions models
Persistent link: https://www.econbiz.de/10014073827