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Efficient Sets Are Very Small

Author

Listed:
  • Bhaskara Rao Kopparty

    (Indiana University Northwest)

  • Surekha K Rao

    (Indiana University Northwest)

Abstract

We show that Efficient sets are not just small but very small. In fact we show that efficient sets have measure zero with respect to every continuous sigma-finite product measure on $R^p$.

Suggested Citation

  • Bhaskara Rao Kopparty & Surekha K Rao, 2018. "Efficient Sets Are Very Small," Economics Bulletin, AccessEcon, vol. 38(4), pages 2060-2063.
    • Handle: RePEc:ebl:ecbull:eb-18-00849
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2018/Volume38/EB-18-V38-I4-P189.pdf
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    References listed on IDEAS

    as
    1. Beardon, Alan F. & Rowat, Colin, 2013. "Efficient sets are small," Journal of Mathematical Economics, Elsevier, vol. 49(5), pages 367-374.
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    More about this item

    Keywords

    Efficient Sets; Pareto Efficiency; Lebesgue measure; product of sigma-finite measures;
    All these keywords.

    JEL classification:

    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • H4 - Public Economics - - Publicly Provided Goods

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