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Manipulation of market equilibrium via endowments

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Author Info
Lahiri, Somdeb

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Abstract

In this paper we show that in an exchange economy with quasi-linear preferences it is possible to manipulate market equilibrium by destroying and withholding ones initial endowments.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 10026.

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Date of creation: 08 Aug 2008
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Handle: RePEc:pra:mprapa:10026

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C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other

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  1. Shapley, Lloyd S. & Shubik, Martin, 1969. "On market games," Journal of Economic Theory, Elsevier, vol. 1(1), pages 9-25, June. [Downloadable!] (restricted)
  2. Murat Atlamaz & Bettina Klaus, 2007. "Manipulation via Endowments in Exchange Markets with Indivisible Goods," Social Choice and Welfare, Springer, vol. 28(1), pages 1-18, January. [Downloadable!] (restricted)
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  3. Laffont, J. J. & Moulin, H., 1982. "Introduction," Journal of Mathematical Economics, Elsevier, vol. 10(1), pages 1-3, June. [Downloadable!] (restricted)
  4. Postlewaite, Andrew, 1979. "Manipulation via Endowments," Review of Economic Studies, Blackwell Publishing, vol. 46(2), pages 255-62, April. [Downloadable!] (restricted)
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