Hennessy, David A.; Lapan, Harvey E. - In: Economics Bulletin 4 (2003) 28, pp. 1-14
We study trade patterns in a pure exchange economy where preferences are symmetric up to taste intensity parameters. In a 2-person, 2-good endowment economy, then all endowments in a particular Edgeworth box rectangle require trading out of that rectangle. Under strictly quasi-concave...