On the transfer and advantageous realloc
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Milind Rao
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Article
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1992
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Springer
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English
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It is well known that the transfer and advantageous reallocation paradoxes cannot occur at a Walrasian stable equilibrium in a two agent economy. In an influential recent paper Chichilnisky provided an example of the transfer paradox in the context of a globally Walrasian stable three agent economy.