An Axiomatic Characterization of the Price Mechanism

DOI10.2307/1911782MaRDI QIDQ4051837zbMATH OpenOpenAlexFDO

Authors Hugo F. Sonnenschein

Publication date 1974

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/1911782

Mathematics Subject Classification ID

Trade models (91B60) Mathematical economics (91B99)

Cited in

(6)

• The representation problem and the efficiency of the price mechanism
• A study of choice correspondences in economies with a variable number of agents
• A lower bound on computational complexity given by revelation mechanisms
• An axiomatic characterization of the price-money message mechanism for economies with satiation
• Replica core equivalence theorem: an extension of the Debreu-Scarf limit theorem to double infinity monetary economies
• Fractional matching markets

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