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With preference rigidities we find Pareto optima of an exchange economy, some of which involve unconsumed endowments. We show that such Pareto Optima can only be attained as market equilibria if there is a top dog in the initial endowment distribution who is richer than the other individuals....
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In 1975, the New Jersey Supreme Court held in Southern Burlington County NAACP v. Township of Mt. Laurel that a developing municipality had the responsibility to afford a realistic opportunity for the construction of its fair share of the present and prospective regional need for low and...
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