Manipulation via Endowments in a Market with Profit Maximizing Agents
AbstractIn this paper we show that it is possible to manipulate market equilibria in an economy with profit maximizing agents (or agents with quasi-linear utility functions) by either destroying or withholding ones initial endowments.
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Bibliographic InfoPaper provided by EconWPA in its series Game Theory and Information with number 0511008.
Length: 14 pages
Date of creation: 25 Nov 2005
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profit maximization; market equilibrium; manipulation via endowments;
Find related papers by JEL classification:
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-12-09 (All new papers)
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