IDEAS home Printed from https://ideas.repec.org/a/spr/joecth/v14y1999i3p545-563.html
   My bibliography  Save this article

Manipulation-proof equilibrium in atomless economies with commodity differentiation

Author

Listed:
  • Mário Rui Páscoa

    () (Faculdade de Economia, Universidade Nova de Lisboa, Travessa Estêv ao Pinto . P-1099-032 Lisboa, PORTUGAL)

  • Carlos Hervés-Beloso

    (Departamento de Matemáticas, Universidad de Vigo, Aptdo 874, E-36200 Vigo, SPAIN)

  • Emma Moreno-García

    () (Faculdade de Economia, Universidade Nova de Lisboa, Travessa Estêv ao Pinto . P-1099-032 Lisboa, PORTUGAL)

Abstract

In this paper, we introduce a perfect competition test which checks the incentives of arbitrarily small coalitions to behave strategically in endowments and preferences. We apply this coalitional incentive compatibility test to atomless economies with a continuum of differentiated commodities. We show that, under thickness conditions, economies with a finite number of types and economies whose set of agents' preferences is compact, pass this perfect competition test. Limiting results for replica economies are also presented.

Suggested Citation

  • Mário Rui Páscoa & Carlos Hervés-Beloso & Emma Moreno-García, 1999. "Manipulation-proof equilibrium in atomless economies with commodity differentiation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 14(3), pages 545-563.
  • Handle: RePEc:spr:joecth:v:14:y:1999:i:3:p:545-563
    Note: Received: July 25, 1997; revised version: December 5, 1998
    as

    Download full text from publisher

    File URL: http://link.springer.de/link/service/journals/00199/papers/9014003/90140545.pdf
    Download Restriction: Access to the full text of the articles in this series is restricted

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hervés-Beloso, Carlos & Moreno-Garci­a, Emma, 2008. "Competitive equilibria and the grand coalition," Journal of Mathematical Economics, Elsevier, vol. 44(7-8), pages 697-706, July.
    2. Herves-Beloso, Carlos & Moreno-Garcia, Emma & Nunez-Sanz, Carmelo & Rui Pascoa, Mario, 2000. "Blocking Efficacy of Small Coalitions in Myopic Economies," Journal of Economic Theory, Elsevier, vol. 93(1), pages 72-86, July.

    More about this item

    Keywords

    Perfect competition; Continuum economies; Incentive compatibility; Thick markets; Walrasian equilibrium.;

    JEL classification:

    • D41 - Microeconomics - - Market Structure, Pricing, and Design - - - Perfect Competition
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:joecth:v:14:y:1999:i:3:p:545-563. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: http://www.springer.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.