Abstract
Consider a core allocation in a differentiable mixed market. It is shown that if this allocation can be derived by splitting the market [see Definition (1) below], then the monetary exploitation of the small traders disappears. We present examples of particular economies to which our theorem applies.
Original language | English |
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Pages (from-to) | 301-304 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 9 |
Issue number | 4 |
DOIs | |
State | Published - 1982 |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics