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Bhaskara Rao Kopparty and Surekha K Rao |
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''Efficient Sets Are Very Small'' |
( 2018, Vol. 38 No.4 ) |
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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 $R^p$. |
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Keywords: Efficient Sets, Pareto Efficiency, Lebesgue measure, product of sigma-finite measures |
JEL: D5 - General Equilibrium and Disequilibrium: General H4 - Publicly Provided Goods: General |
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Manuscript Received : Oct 26 2018 | | Manuscript Accepted : Nov 06 2018 |
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