Price controls, non-price quality competition, and the nonexistence of competitive equilibrium
DOI10.1016/J.GEB.2016.06.012zbMATH Open1394.91142OpenAlexW415065942MaRDI QIDQ324155FDOQ324155
Authors: John William Hatfield, Charles R. Plott, Tomomi Tanaka
Publication date: 10 October 2016
Published in: Games and Economic Behavior (Search for Journal in Brave)
Full work available at URL: https://authors.library.caltech.edu/82941/
Recommendations
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Auctions, bargaining, bidding and selling, and other market models (91B26) Microeconomic theory (price theory and economic markets) (91B24) Matching models (91B68)
Cites Work
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- Equilibrium and matching under price controls
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- The nonemptiness of the \(f\)-core of a game without side payments
- Imperfect competition in two-sided matching markets
- Equilibrium under Rigid Prices with Compensation for the Consumers
- An Experimental Comparison of Dispute Rates in Alternative Arbitration Systems
- Existence of an Exchange Equilibrium under Price Rigidities
- Basic Principles of Asset Pricing Theory: Evidence from Large-Scale Experimental Financial Markets *
- Concurrent trading in two experimental markets with demand interdependence
- Constrained suboptimality when prices are non-competitive
Cited In (4)
- Tick size, price grids and market performance: stable matches as a model of market dynamics and equilibrium
- Expectational equilibria in many-to-one matching models with contracts
- Equilibrium and matching under price controls
- General equilibrium methodology applied to the design, implementation and performance evaluation of large, multi-market and multi-unit policy constrained auctions
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