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The No-Surplus Condition as a Characterization of Perfectly Competitive Equilibrium

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  • Joseph M. Ostroy

    (UCLA)

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File URL: http://www.econ.ucla.edu/workingpapers/wp139.pdf
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Bibliographic Info

Paper provided by UCLA Department of Economics in its series UCLA Economics Working Papers with number 139.

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Date of creation: 01 Dec 1978
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Handle: RePEc:cla:uclawp:139

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Web page: http://www.econ.ucla.edu/

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  1. Gabszewicz, Jean Jaskold & Mertens, Jean-Francois, 1971. "An Equivalence Theorem for the Core of an Economy Whose Atoms Are Not 'Too' Big," Econometrica, Econometric Society, Econometric Society, vol. 39(5), pages 713-21, September.
  2. Wayne Shafer & Hugo Sonnenschein, 1974. "Equilibrium in Abstract Economies Without Ordered Preferences," Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science 94, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  3. Gale, D. & Mas-Colell, A., 1975. "An equilibrium existence theorem for a general model without ordered preferences," Journal of Mathematical Economics, Elsevier, vol. 2(1), pages 9-15, March.
  4. Grodal, Birgit, 1972. "A Second Remark on the Core of an Atomless Economy," Econometrica, Econometric Society, Econometric Society, vol. 40(3), pages 581-83, May.
  5. Roberts, Donald John & Postlewaite, Andrew, 1976. "The Incentives for Price-Taking Behavior in Large Exchange Economies," Econometrica, Econometric Society, Econometric Society, vol. 44(1), pages 115-27, January.
  6. Hansen, Terje, 1969. "A Note on the Limit of the Core of an Exchange Economy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 10(3), pages 479-83, October.
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Cited by:
  1. Sjur Didrik Flåm, 2013. "Reaching Market Equilibrium Merely by Bilateral Barters," CESifo Working Paper Series 4504, CESifo Group Munich.
  2. Louis Makowski & Joseph M. Ostroy, 1990. "The Existence of Perfectly Competitive Equilibrium a la Wicksteed," UCLA Economics Working Papers, UCLA Department of Economics 606, UCLA Department of Economics.
  3. Hellwig, Martin F., 2005. "Nonlinear incentive provision in Walrasian markets: a Cournot convergence approach," Journal of Economic Theory, Elsevier, vol. 120(1), pages 1-38, January.
  4. Oliver Hart & John Moore, 2004. "Cooperatives vs. Outside Ownership," ESE Discussion Papers 114, Edinburgh School of Economics, University of Edinburgh.
  5. Joseph M. Ostroy & Louis Makowski, 2001. "Perfect Competition and the Creativity of the Market," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 479-535, June.
  6. Makowski, L. & Ostroy, J.M., 1991. "The Margin of Appropriation and an Extension of the First Theorem of Welfare Economics," Papers, California Davis - Institute of Governmental Affairs 388, California Davis - Institute of Governmental Affairs.
  7. Makowski, Louis & Ostroy, Joseph M., 1987. "Vickrey-Clarke-Groves mechanisms and perfect competition," Journal of Economic Theory, Elsevier, vol. 42(2), pages 244-261, August.
  8. Stuart, Harborne Jr., 2004. "Efficient spatial competition," Games and Economic Behavior, Elsevier, vol. 49(2), pages 345-362, November.
  9. Makowski, Louis & Ostroy, Joseph M, 1995. "Appropriation and Efficiency: A Revision of the First Theorem of Welfare Economics," American Economic Review, American Economic Association, vol. 85(4), pages 808-27, September.
  10. Simeon Alder, 2010. "In the Wrong Hands: Complementarities, Resource Allocation, and TFP," Working Papers 018, University of Notre Dame, Department of Economics, revised Nov 2012.
  11. Michele Boldrin & David K Levine, 2008. "Appropriation and Intellectual Property," Levine's Working Paper Archive 122247000000002262, David K. Levine.
  12. Been-Lon Chen & Jie-Ping Mo & Ping Wang, 2012. "Two-sided micro-matching with technical progress," Economic Theory, Springer, Springer, vol. 50(2), pages 445-462, June.

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