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The competitive allocation process is informationally efficient uniquely

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  • Jordan, J. S.

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  • Jordan, J. S., 1982. "The competitive allocation process is informationally efficient uniquely," Journal of Economic Theory, Elsevier, vol. 28(1), pages 1-18, October.
  • Handle: RePEc:eee:jetheo:v:28:y:1982:i:1:p:1-18
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    Cited by:

    1. Eric S. Maskin, 2008. "Mechanism Design: How to Implement Social Goals," American Economic Review, American Economic Association, vol. 98(3), pages 567-576, June.
    2. Agnieszka Lipieta & Andrzej Malawski, 2016. "Price versus quality competition: in search for Schumpeterian evolution mechanisms," Journal of Evolutionary Economics, Springer, vol. 26(5), pages 1137-1171, December.
    3. Peter J. Hammond, 2003. "Equal rights to trade and mediate," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 21(2), pages 181-193, October.
    4. Segal, Ilya, 2007. "The communication requirements of social choice rules and supporting budget sets," Journal of Economic Theory, Elsevier, vol. 136(1), pages 341-378, September.
    5. Eric Maskin, 2015. "Friedrich von Hayek and mechanism design," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 28(3), pages 247-252, September.
    6. Alan Kirman, 2006. "Demand Theory and General Equilibrium: From Explanation to Introspection, a Journey down the Wrong Road," History of Political Economy, Duke University Press, vol. 38(5), pages 246-280, Supplemen.
    7. Ken Urai & Hiromi Murakami, 2017. "Local Independence, Monotonicity, Incentive Compatibility and Axiomatic Characterization of Price-Money Message Mechanism," Discussion Papers in Economics and Business 17-08, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
    8. Kenneth R. Mount & Stanley Reiter, 1996. "A lower bound on computational complexity given by revelation mechanisms (*)," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(2), pages 237-266.
    9. Rebelo, S., 1997. "On the Determinant of Economic Growth," RCER Working Papers 443, University of Rochester - Center for Economic Research (RCER).
    10. Ilya Segal, 2004. "The Communication Requirements of of Social Choice Rules and Supporting Budget Sets," Economics Working Papers 0039, Institute for Advanced Study, School of Social Science.
    11. Lu Hong & Scott Page, 1994. "Reducing informational costs in endowment mechanisms," Review of Economic Design, Springer;Society for Economic Design, vol. 1(1), pages 103-117, December.
    12. Ken Urai & Hiromi Murakami, 2015. "An Axiomatic Characterization of the Price-Money Message Mechanism," Discussion Papers in Economics and Business 15-31, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
    13. Ken Urai & Hiromi Murakami, 2016. "Local Independence, Monotonicity and Axiomatic Characterization of Price-Money Message Mechanism," Discussion Papers in Economics and Business 16-08, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
    14. Tian, Guoqiang & Li, Qi, 1995. "Ratio-Lindahl equilibria and an informationally efficient and implementable mixed-ownership system," Journal of Economic Behavior & Organization, Elsevier, vol. 26(3), pages 391-411, May.
    15. Wellman, Michael P. & Walsh, William E. & Wurman, Peter R. & MacKie-Mason, Jeffrey K., 2001. "Auction Protocols for Decentralized Scheduling," Games and Economic Behavior, Elsevier, vol. 35(1-2), pages 271-303, April.
    16. Marschak, Thomas, 2006. "Organization Structure," MPRA Paper 81518, University Library of Munich, Germany.
    17. Kohzo Shiraishi & Ken Urai & Hiromi Murakami, 2016. "Universality and Efficiency of Price Mechanism based on an Expansion Possibility of Economies," Discussion Papers in Economics and Business 16-10, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
    18. Andreas Blume, 2004. "A Learning-Efficiency Explanation of Structure in Language," Theory and Decision, Springer, vol. 57(3), pages 265-285, November.
    19. Nisan, Noam & Segal, Ilya, 2006. "The communication requirements of efficient allocations and supporting prices," Journal of Economic Theory, Elsevier, vol. 129(1), pages 192-224, July.
    20. Ken Urai & Hiromi Murakami, 2015. "An Axiomatic Characterization of the Price-Money Message Mechanism," Discussion Papers in Economics and Business 15-31-Rev., Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP), revised Mar 2016.
    21. Manjunath, Vikram, 2016. "Fractional matching markets," Games and Economic Behavior, Elsevier, vol. 100(C), pages 321-336.
    22. Alan Kirman, 2016. "Complexity and Economic Policy: A Paradigm Shift or a Change in Perspective? A Review Essay on David Colander and Roland Kupers's Complexity and the Art of Public Policy," Journal of Economic Literature, American Economic Association, vol. 54(2), pages 534-572, June.
    23. Scott E. Page, 1998. "Uncertainty, Difficulty, and Complexity," Research in Economics 98-08-076e, Santa Fe Institute.

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