So, the trade they agree to is an exchange where each type 2 person produces one unit of good 2 and gives it to a type 1 person, and the type 1 person agrees to produce good 1 with probability p(1), where So, in equilibrium, only a fraction c/u of each of types 2, 3,..., T gets to consume, and all the type 1s - the money producers - consume.