A Credit Mechanism for Selecting a Unique Competitive Equilibrium
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References listed on IDEAS
- Shapley, Lloyd S & Shubik, Martin, 1977. "An Example of a Trading Economy with Three Competitive Equilibria," Journal of Political Economy, University of Chicago Press, vol. 85(4), pages 873-875, August.
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Keywordscompetitive equilibrium; credit mechanism; marginal utility of income; IOU; default penalty; welfare economics;
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