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The corollary of the
Sonnenschein–Mantel–Debreu theorem proven by Pierre-André Chiappori and Ivar Ekeland in 1999 shows that market demand curves may take on highly irregular shapes, even if all individual agents in the market are perfectly rational. This diagram depicts one such possible demand
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This file contains additional information, probably added from the digital camera or scanner used to create or digitize it.
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This diagram depicts a possible market demand curve under the
Sonnenschein–Mantel–Debreu theorem and its corollaries.
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