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paper considers the equilibrium for the following exchange story: there are two kinds of agents, buyers and sellers. Each buyer wants to buy a house and is endowed with enough money to buy any house; his preferences consist of a schedule describing what he is willing to pay for each house. Each seller has one house to sell which she is willing to sell provided the price is right. The set of houses is taken to be a compact metric space \\(H\\); the set of buyers \\(B=\\{b: H\\to [0, 1]\\mid b\\) continuous\\} and the set of sellers is given by \\(S= H\\times [0, 1]\\). Let \\(I\\) denote the set \\(B\\cup S\\). The initial data for the economy is a population measure \\(\\mu\\in M_+(I)\\) which is compactly supported. A price system is a bounded Borel measurable function on the space of houses. A Walrasian equilibrium is next defined. The question studied is whether any agent or coalition of agents can favorably manipulate the Walrasian equilibria allocation by misrepresenting his/her type. A necessary and sufficient condition for non-manipulability is obtained. 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