Abstract
By a market M we shall understand any subset of a commodity space. In an economy consisting of a finite set of agents, a net trade is an equilibrium with respect to a market if each agent chooses a best net trade in the market and the sum of these net trades is zero.
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Bibliography
Schmeidler, D. and Vind, K., ‘Fair Net Trades’, Econometrica 40, (1972), 637–642.
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© 1977 D. Reidel Publishing Company, Dordrecht, Holland
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Vind, K. (1977). Equilibrium with Respect to a Simple Market. In: Schwödiauer, G. (eds) Equilibrium and Disequilibrium in Economic Theory. Theory and Decision Library, vol 13. Springer, Dordrecht. https://doi.org/10.1007/978-94-010-1155-6_1
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DOI: https://doi.org/10.1007/978-94-010-1155-6_1
Publisher Name: Springer, Dordrecht
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