Randon, E.; Simmons, P. - Dipartimento di Scienze Economiche, Alma Mater … - 2012
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....