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 |
|---|---|
| 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