Decentralizing lottery allocations in markets with indivisible commodities
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Publication:1804611
DOI10.1007/BF01215205zbMath0824.90021MaRDI QIDQ1804611
Publication date: 15 May 1995
Published in: Economic Theory (Search for Journal in Brave)
Walrasian equilibriumdecentralized marketsindivisible commoditiessunspot equilibriumlottery equilibrium
Related Items (11)
Assignment problems with complementarities ⋮ On a market for coalitions with indivisible agents and lotteries ⋮ Endogenous liquidity and volatility ⋮ Futures market: contractual arrangement to restrain moral hazard in teams ⋮ Aggregation in economies with search frictions ⋮ Competitive equilibria in economies with multiple indivisible and multiple divisible commodities ⋮ Existence and welfare properties of equilibrium in an exchange economy with multiple divisible and indivisible commodities and linear production technologies ⋮ Introduction to sunspots and lotteries ⋮ Equilibrium prices when the sunspot variable is continuous. ⋮ Lotteries, sunspots, and incentive constraints ⋮ A characterization of robust sunspot equilibria
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- Market Uncertainty: Correlated and Sunspot Equilibria in Imperfectly Competitive Economies
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- Indivisibilites dans une Economie d'Echanges
- Equilibrium Analysis of Exchange Economies with Indivisible Commodities
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