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- W3123105281 abstract "Abstract It has recently been shown [Chichilnisky, Journal of Development Economics (1980)] that in a three-agent two-good economy, the transfer paradox may occur at a Walrasian stable equilibrium. Our paper gives a geometric demonstration of the result, making the role of the third agent clear. It also generalises the earlier result in certain respects, showing inter alia that what is important is that the number of goods should exceed the number of agents." @default.
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- W3123105281 date "1982-11-01" @default.
- W3123105281 modified "2023-09-27" @default.
- W3123105281 title "A Geometric Explanation of the Transfer Paradox in a Stable Economy" @default.
- W3123105281 hasPublicationYear "1982" @default.
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