Local strict envy-freeness in large econ
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Susumu Cato
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Article
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2010
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Elsevier Science
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English
โ 304 KB
This paper proposes a concept of local strict envy-freeness (LS-envy-freeness), which is a local version of Zhou's (1992) strict envy-freeness, and investigates its implications in large economies. In spite of the weakness of this concept, it works effectively by combining with efficiency. It is sho