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Proceedings of the National Academy of Sciences of the United States of America logoLink to Proceedings of the National Academy of Sciences of the United States of America
. 1972 May;69(5):1258–1260. doi: 10.1073/pnas.69.5.1258

A Limit Theorem on the Cores of Large Standard Exchange Economies

Donald J Brown *, Abraham Robinson †
PMCID: PMC426676  PMID: 16591988

Abstract

This note introduces a new mathematical tool, nonstandard analysis, for the analysis of an important class of problems in mathematical economics—the relation between bargaining and the competitive price system.

Keywords: nonstandard analysis, competitive equilibria, mathematical model

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