----------------- HES POSTING ----------------- 
 
I believe that since Robert Aumann's paper of 35 years ago, the  
term "perfect competition" has also been thought to assume a  
continuum of traders, a very strong assumption indeed, but not one  
that has anything to do with the knowledge issue, per se.   
 
Barkley Rosser 
 
------------ FOOTER TO HES POSTING ------------ 
For information, send the message "info HES" to [log in to unmask]