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John C Eckalbar 《Journal of Economic Theory》1984,32(2):201-211
This paper explores the propensity of a bilateral exchange economy to get stuck away from the competitive allocation even when the competitive prices have been established. This is Menger's Problem. Necessary and sufficient conditions for a Menger Problem are found to relate to the presence of corner solutions. When money is introduced, convergence can be established. 相似文献
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Jan S Prybyla 《Journal of Comparative Economics》1984,8(4):467-469
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