Inefficiency of smooth market mechanisms
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Publication:751458
DOI10.1016/0304-4068(90)90004-SzbMath0714.90018OpenAlexW2027995175WikidataQ126470658 ScholiaQ126470658MaRDI QIDQ751458
Publication date: 1990
Published in: Journal of Mathematical Economics (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0304-4068(90)90004-s
Related Items (14)
Noncooperative general exchange with a continuum of traders: Two models ⋮ General equilibrium concepts under imperfect competition: A Cournotian approach ⋮ Strategic market games: an introduction. ⋮ Retrading in market games. ⋮ Liquid markets and competition ⋮ The market game: Existence and structure of equilibrium ⋮ Functional rational expectations equilibria in market games ⋮ Buying and selling in strategic market games ⋮ Existence and optimality of Cournot-Nash equilibria in a bilateral oligopoly with atoms and an atomless part ⋮ Trade fragmentation and coordination in strategic market games ⋮ A strategic market game with complete markets ⋮ Cooperation and self-interest: Pareto-inefficiency of Nash equilibria in finite random games ⋮ On the generic inefficiency of differentiable market games ⋮ Consistent collusion-proofness and correlation in exchange economies.
Cites Work
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- On the generic inefficiency of differentiable market games
- Efficiency properties of strategic market games: An axiomatic approach
- Nash equilibria of market games: Finiteness and inefficiency
- A theory of money and financial institutions. 28. The noncooperative equilibria of a closed trading economy with market supply and bidding strategles
- Outcome Functions Yielding Walrasian and Lindahl Allocations at Nash Equilibrium Points
- Values of Non-Atomic Games
- Approximate Efficiency of Non-Walrasian Nash Equilibria
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