On the generic inefficiency of differentiable market games

DOI10.1016/0022-0531(85)90033-XzbMath0574.90009MaRDI QIDQ1063516

Philippe Aghion

Publication date: 1985

Published in: Journal of Economic Theory (Search for Journal in Brave)

zbMATH Keywords

Walrasian equilibriumtransversality theoremdifferentiable market gamegeneric inefficiencyperturbed strategic outcome function

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (5)

General equilibrium concepts under imperfect competition: A Cournotian approach ⋮ Strategic market games: an introduction. ⋮ Liquid markets and competition ⋮ Existence and optimality of Cournot-Nash equilibria in a bilateral oligopoly with atoms and an atomless part ⋮ Inefficiency of smooth market mechanisms

Cites Work

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• Inefficiency of smooth market mechanisms
• Budget-constrained Pareto-efficient allocations
• Efficiency properties of strategic market games: An axiomatic approach
• Nash equilibria of market games: Finiteness and inefficiency
• Global analysis and economics. V: Pareto theory with constraints
• Outcome Functions Yielding Walrasian and Lindahl Allocations at Nash Equilibrium Points
• Walrasian Analysis via Strategic Outcome Functions
• Price-Quantity Strategic Market Games
• Approximate Efficiency of Non-Walrasian Nash Equilibria
• Smooth Preferences

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