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Allocative Efficiency of Markets with Zero Intelligence (Z1) Traders: Market as a Partial Substitute for Individual Rationality

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Author Info
Gode, D.K.
Sunder, S.

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Abstract

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Publisher Info
Paper provided by Carnegie Mellon University, Tepper School of Business in its series GSIA Working Papers with number 1992-16.

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Length: 27 pages
Date of creation: 1991
Date of revision:
Handle: RePEc:cmu:gsiawp:1992-16

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Postal: Tepper School of Business, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15213-3890
Web page: http://www.tepper.cmu.edu/

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Related research
Keywords: costs efficiency economic theory demand

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Theodore Turocy & Elizabeth Watson & Raymond Battalio, 2007. "Framing the first-price auction," Experimental Economics, Springer, vol. 10(1), pages 37-51, March. [Downloadable!] (restricted)
  2. Arthur T. Denzau & Douglass C. North, 1993. "Shared Mental Models: Ideologies and Institutions," Economic History 9309003, EconWPA. [Downloadable!]
    Other versions:
  3. Timothy Cason & Daniel Friedman, 1999. "Learning in a Laboratory Market with Random Supply and Demand," Experimental Economics, Springer, vol. 2(1), pages 77-98, August. [Downloadable!] (restricted)
Statistics
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This page was last updated on 2008-11-11.


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