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Competitive equilibrium in an Exchange Economy with Indivisibilities.

Competitive equilibrium in an Exchange Economy with Indivisibilities. By:Sushil Bikhchandani and John W.Mamer University of California. presented by: Meir Bing. INTRODUCTION. We analyze an exchange economy in which: all commodities except money are indivisible.

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Divisible allocation - PowerPoint PPT Presentation

Competitive equilibrium in an Exchange Economy with Indivisibilities.