Econometrica

Journal Of The Econometric Society

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Jul, 1978, Volume 46, Issue 4

Jean-Jacques Laffont, Roger Guesnerie

This paper shows how the Debreu-Sonnenschein theorem can be used to construct economies where disadvantageous reallocations of resources take place.