Comment: General Competitive Analysis in an Economy with Private Information
- 1 February 1989
- journal article
- Published by JSTOR in International Economic Review
- Vol. 30 (1) , 249
- https://doi.org/10.2307/2526561
Abstract
This note corrects a misunderstanding in Prescott and Townsend (1984) by pointing out that random allocation rules can lead to Pareto dominating allocations eve...Keywords
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