The Bounded Core of an Overlapping Generations Economy
指出重叠世代经济中的有界核可能包含非短期帕累托最优的配置，且当个体变得可忽略时，有界核不会缩小到竞争均衡配置集，因此不适合作为效率或稳健性的标准。
The bounded core is the set of allocations which are not improved upon by any bounded set of agents. We submit that the bounded core does not serve as a criterion for the efficiency of allocations in an overlapping generations economy, for it may include allocations which are not even short run Pareto optimal. We also submit that the bounded core is a weak criterion for the robustness of allocations in an overlapping generations economy, for it may not shrink to the set of competitive equilibrium allocations as the individual agents become negligible.