Direct Exchange in Linear Economies
AbstractAbstract. Considered here is direct exchange of production allowances or input factors. Motivated by practical modelling and compution, we sup- pose every owner or user of such items has a linear technology. The issue then is whether competitive market equilibrium can be reached merely via iterated bilateral barters. This paper provides positive and constructive answers.
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Bibliographic InfoPaper provided by University of Bergen, Department of Economics in its series Working Papers in Economics with number 05/12.
Length: 19 pages
Date of creation: 08 May 2012
Date of revision:
Contact details of provider:
Postal: Institutt for økonomi, Universitetet i Bergen, Postboks 7802, 5020 Bergen, Norway
Web page: http://www.uib.no/econ/en
More information through EDIRC
Resource markets; transferable utility:competitive equilibrium; core imputations; linear programming; bilateral barters.;
Find related papers by JEL classification:
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-05-15 (All new papers)
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