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Implementation Of The Walrasian Correspondence By Market Games

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Author Info

  • Luis Corchón

    ()
    (Universidad de Alicante)

  • Simon Wilkie

    (California Institute of Technology)

Abstract

In this paper we present a set of axioms guaranteeing that, in exchange economies with or without indivisible goods, the set of Nash, Strong and active Walrasian Equilibria all coincide in the framework of market games.

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File URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-1995-02.pdf
File Function: Fisrt version / Primera version, 1995
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Bibliographic Info

Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 1995-02.

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Length: 28 pages
Date of creation: Jan 1995
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasad:1995-02

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Keywords: Mechanism; Market Games; Nash Equilibrium; Strong Equilibrium; Implementation.;

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References

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  4. Svensson, Lars-Gunnar, 1991. "Nash Implementation of Competitive Equilibria in a Model with Indivisible Goods," Econometrica, Econometric Society, vol. 59(3), pages 869-77, May.
  5. Amparo Urbano Salvador & María Dolores Alepuz Domenech, 1994. "Market learning and price-dispersion," Working Papers. Serie AD 1994-14, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
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Cited by:
  1. Bezalel Peleg, 1996. "Double implementation of the Lindahl equilibrium by a continuous mechanism," Review of Economic Design, Springer, vol. 2(1), pages 311-324, December.

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