Relaxing transitivity, a closed cube in Rn centred on the origin, with lambda being small and weak local derivatives, given h capacity , finite distortions are measured. Time inconsistent preferences with bounded rationality are an explanation of market failures. The absorption level of economic power by political power and criticality of rationality lays down the decision criteria. http://www.msmishraassoc.org/images/msm-files/doc/msmnew/e2.pdf

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