The Econometric SocietyEdited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: Nov, 1985, Volume 53, Issue 6
https://doi.org/0012-9682(198511)53:6<1283:SCTWNP>2.0.CO;2-T
p. 1283-1294
Robert M. Anderson
It is known that in large economies with strongly convex preferences, the commodity bundles agents receive at core allocations are near their demand sets.Without convexity, it is known that agents' bundles need not be near their demand sets, although these bundles will satisfy a weaker condition. In this paper, we show that for almost all sequences of economies constructed by successive sampling from any distribution of agents' characteristics, agents' bundles will be close to their demand sets.
