# Perfect Competition

## Author

## Abstract

## Suggested Citation

**Perfect Competition**," Microeconomics Working Papers 22207, East Asian Bureau of Economic Research.

*RePEc:eab:microe:22207*

## Download full text from publisher

## Other versions of this item:

- Khan, M. Ali Khan, 2007.
"
**Perfect Competition**," MPRA Paper 2202, University Library of Munich, Germany. - M. Ali Khan, 2007.
"
**Perfect Competition**," PIDE-Working Papers 2007:15, Pakistan Institute of Development Economics.

## References listed on IDEAS

- Armstrong, Thomas E. & Richter, Marcel K., 1986.
"
**Existence of nonatomic core-walras allocations**," Journal of Economic Theory, Elsevier, vol. 38(1), pages 137-159, February. - Aliprantis, Charalambos D. & Florenzano, Monique & Tourky, Rabee, 2006.
"
**Production equilibria**," Journal of Mathematical Economics, Elsevier, vol. 42(4-5), pages 406-421, August.- Charalambos Aliprantis & Monique Florenzano & Rabee Tourky, 2006.
"
**Production equilibria**," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00092809, HAL.

- Charalambos Aliprantis & Monique Florenzano & Rabee Tourky, 2006.
"
- Anderson, Robert M, 1978.
"
**An Elementary Core Equivalence Theorem**," Econometrica, Econometric Society, vol. 46(6), pages 1483-1487, November. - Brown, Donald J & Robinson, Abraham, 1975.
"
**Nonstandard Exchange Economies**," Econometrica, Econometric Society, pages 41-56.- Donald J. Brown & Abraham Robinson, 1971.
"
**Nonstandard Exchange Economies**," Cowles Foundation Discussion Papers 308, Cowles Foundation for Research in Economics, Yale University.

- Donald J. Brown & Abraham Robinson, 1971.
"
- Chris Shannon., 1994.
"
**Increasing Returns in Infinite Horizon Economies**," Economics Working Papers 94-232, University of California at Berkeley. - Khan, M. Ali & Sun, Yeneng, 2002.
"
**Non-cooperative games with many players**," Handbook of Game Theory with Economic Applications,in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 3, chapter 46, pages 1761-1808 Elsevier.- M Ali Khan & Yeneng Sun, 1996.
"
**Non-Cooperative Games with Many Players**," Economics Working Paper Archive 382, The Johns Hopkins University,Department of Economics. - Khan, A. & Sun, Y., 2000.
"
**Non-Cooperative Games with Many Players**," Papiers d'Economie MathÃ©matique et Applications 2000.80, UniversitÃ© PanthÃ©on-Sorbonne (Paris 1). - M Ali Khan & Yeneng Sun, 2002.
"
**Non-Cooperative Games with Many Players**," Economics Working Paper Archive 482, The Johns Hopkins University,Department of Economics.

- M Ali Khan & Yeneng Sun, 1996.
"
- M. Khan & Kali Rath & Yeneng Sun, 2006.
"
**The Dvoretzky-Wald-Wolfowitz theorem and purification in atomless finite-action games**," International Journal of Game Theory, Springer;Game Theory Society, vol. 34(1), pages 91-104, April. - Hart, Sergiu, 2002.
"
**Values of perfectly competitive economies**," Handbook of Game Theory with Economic Applications,in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 3, chapter 57, pages 2169-2184 Elsevier.- Mertens, J.-F. & Neyman, A., "undated".
"
**Stochastic games**," CORE Discussion Papers RP 454, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). - MERTENS, Jean-François, "undated".
"
**Stochastic games**," CORE Discussion Papers RP 1587, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

- Mertens, J.-F. & Neyman, A., "undated".
"
- Khan, M. Ali & Vohra, Rajiv, 1985.
"
**On the existence of lindahl equilibria in economies with a measure space of non-transitive consumers**," Journal of Economic Theory, Elsevier, vol. 36(2), pages 319-332, August. - Cornet, B., 1984.
"
**Existence of equilibria in economies with increasing returns**," CORE Discussion Papers 1984007, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). - Anderson, Robert M., 1991.
"
**Non-standard analysis with applications to economics**," Handbook of Mathematical Economics,in: W. Hildenbrand & H. Sonnenschein (ed.), Handbook of Mathematical Economics, edition 1, volume 4, chapter 39, pages 2145-2208 Elsevier.- Timothy J. Kehoe, 1990.
"
**Computation and Multiplicity of Equilibria**," Discussion Paper Serie A 309, University of Bonn, Germany. - Timothy J. Kehoe, 1991.
"
**Computation and multiplicity of equilibria**," Working Papers 460, Federal Reserve Bank of Minneapolis.

- Timothy J. Kehoe, 1990.
"
- Roberto Serrano & Rajiv Vohra & Oscar Volij, 2001.
"
**On the Failure of Core Convergence in Economies with Asymmetric Information**," Econometrica, Econometric Society, pages 1685-1696.- Roberto Serrano & Rajiv Vohra & Oscar Volij, 1999.
"
**On the Failure of Core Convergence in Economies with Asymmetric Information**," Economic theory and game theory 011, Oscar Volij. - Roberto Serrano & Rajiv Vohra & Oscar Volij, 1999.
"
**On the Failure of Core Convergence in Economies with Asymmetric Information**," Working Papers 99-22, Brown University, Department of Economics. - Roberto Serrano & Rajiv Vohra & Oscar Volij, 2000.
"
**On the Failure of Core Convergence in Economies with Asymmetric Information**," Econometric Society World Congress 2000 Contributed Papers 0141, Econometric Society.

- Roberto Serrano & Rajiv Vohra & Oscar Volij, 1999.
"
- Ali Khan, M. & Peck, N. T., 1989.
"
**On the interiors of production sets in infinite dimensional spaces**," Journal of Mathematical Economics, Elsevier, vol. 18(1), pages 29-39, February. - Aviad Heifetz & Françoise Forges & Enrico Minelli, 2001.
"
**Incentive compatible core and competitive equilibria in differential information economies**," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 349-365. - Joseph M. Ostroy & Louis Makowski, 2001.
"
**Perfect Competition and the Creativity of the Market**," Journal of Economic Literature, American Economic Association, pages 479-535. - Donald J. Brown & M. Ali Khan, 1977.
"
**An Extension of the Brown-Robinson Equivalence Theorem**," Cowles Foundation Discussion Papers 444, Cowles Foundation for Research in Economics, Yale University. - Bernard Cornet & Mihaela Topuzu, 2005.
"
**Existence of equilibria for economies with externalities and a measure space of consumers**," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 397-421.- Bernard Cornet & Mihaela Topuzu, 2005.
"
**Existence Of Equilibria For Economies With Externalities And A Measure Space Of Consumers**," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200505, University of Kansas, Department of Economics, revised Feb 2005.

- Bernard Cornet & Mihaela Topuzu, 2005.
"
- Benassy-Quere, A. & Larribeau, S. & MacDonald, R., 1999.
"
**Models of Exchange Rate Expectations: Heterogeneous Evidence from Panel Data**," Papers 99-02, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..- F. Forges & A. Heifetz & E. Minelli, 1999.
"
**Incentive compatible core and competitive equilibria in differential information economies**," THEMA Working Papers 99-06, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. - Agnès Bénassy-Quéré & Sophie Larribeau & Ronald MacDonald, 1999.
"
**Models of Exchange Rate Expectations: Heterogeneous Evidence from Panel Data**," Working Papers 1999-03, CEPII research center.

- F. Forges & A. Heifetz & E. Minelli, 1999.
"
- Noguchi, Mitsunori, 2005.
"
**Interdependent preferences with a continuum of agents**," Journal of Mathematical Economics, Elsevier, vol. 41(6), pages 665-686, September. - Jean-Marc Bonnisseau, 2000.
"
**The Marginal Pricing Rule in Economies with Infinitely Many Commodities**," Econometric Society World Congress 2000 Contributed Papers 0262, Econometric Society.- Bonnisseau, J.M., 2000.
"
**The Marginal Pricing Rule in Economies with Infinitely Many Commodities**," Papiers d'Economie MathÃ©matique et Applications 2000.47, UniversitÃ© PanthÃ©on-Sorbonne (Paris 1).

- Bonnisseau, J.M., 2000.
"
- Lionel W. McKenzie, 2005.
"
**Classical General Equilibrium Theory**," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262633302, January. - Ali Khan, M. & Rashid, Salim, 1982.
"
**Approximate equilibria in markets with indivisible commodities**," Journal of Economic Theory, Elsevier, vol. 28(1), pages 82-101, October. - Avallone, Anna & Basile, Achille, 1998.
"
**Liapunov-Richter theorem in B-convex spaces**," Journal of Mathematical Economics, Elsevier, vol. 30(1), pages 109-118, August. - Starr, Ross M, 1969.
"
**Quasi-Equilibria in Markets with Non-Convex Preferences**," Econometrica, Econometric Society, vol. 37(1), pages 25-38, January. - R.J. Aumann & S. Hart (ed.), 2002.
"
**Handbook of Game Theory with Economic Applications**," Handbook of Game Theory with Economic Applications, Elsevier, edition 1, volume 3, number 3.- R.J. Aumann & S. Hart (ed.), 1994.
"
**Handbook of Game Theory with Economic Applications**," Handbook of Game Theory with Economic Applications, Elsevier, edition 1, volume 2, number 2. - R.J. Aumann & S. Hart (ed.), 1992.
"
**Handbook of Game Theory with Economic Applications**," Handbook of Game Theory with Economic Applications, Elsevier, edition 1, volume 1, number 1.

- R.J. Aumann & S. Hart (ed.), 1994.
"
- Vohra, Rajiv, 1992.
"
**Marginal Cost Pricing under Bounded Marginal Returns**," Econometrica, Econometric Society, vol. 60(4), pages 859-876, July. - William Geller, 1986.
"
**An Improved Bound for Approximate Equilibria**," Review of Economic Studies, Oxford University Press, vol. 53(2), pages 307-308. - Sun, Yeneng & Yannelis, Nicholas C., 2007.
"
**Perfect competition in asymmetric information economies: compatibility of efficiency and incentives**," Journal of Economic Theory, Elsevier, vol. 134(1), pages 175-194, May. - Tjalling C. Koopmans, 1961.
"
**Convexity Assumptions, Allocative Efficiency, and Competitive Equilibrium**," Journal of Political Economy, University of Chicago Press, vol. 69, pages 478-478. - Robert M. Anderson & M. Ali Khan & Salim Rashid, 1982.
"
**Approximate Equilibria with Bounds Independent of Preferences**," Review of Economic Studies, Oxford University Press, vol. 49(3), pages 473-475.- Robert M. Anderson & M. Ali Khan & Salim Rashid, 1981.
"
**Approximate Equilibria with Bounds Independent of Preferences**," Cowles Foundation Discussion Papers 595, Cowles Foundation for Research in Economics, Yale University.

- Robert M. Anderson & M. Ali Khan & Salim Rashid, 1981.
"
- D. K. Foley, 1967.
"
**Lindahl's Solution and the Core of an Economy with Public Goods**," Working papers 3, Massachusetts Institute of Technology (MIT), Department of Economics. - Bonnisseau, J.-M. & Cornet, B., 2008.
"
**Existence of equilibria with a tight marginal pricing rule**," Journal of Mathematical Economics, Elsevier, vol. 44(7-8), pages 613-624, July.- Jean-Marc Bonnisseau & Bernard Cornet, 2006.
"
**Existence of Equilibria with a Tight Marginal Pricing Rule**," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00113335, HAL. - Bernard Cornet & Jean Marc Bonnisseau, 2009.
"
**Existence of Equilibria with a Tight Marginal Pricing Rule**," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200908, University of Kansas, Department of Economics, revised Dec 2009. - Jean-Marc Bonnisseau & Bernard Cornet, 2008.
"
**Existence of equilibria with a tight marginal pricing rule**," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00187216, HAL.

- Jean-Marc Bonnisseau & Bernard Cornet, 2006.
"
- Khan, M. Ali & Sun, Yeneng, 1999.
"
**Non-cooperative games on hyperfinite Loeb spaces1**," Journal of Mathematical Economics, Elsevier, vol. 31(4), pages 455-492, May. - Yeneng Sun, 1999.
"
**The complete removal of individual uncertainty: multiple optimal choices and random exchange economies**," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 507-544. - Koopmans, Tjalling C, 1974.
"
**Is the Theory of Competitive Equilibrium With It?**," American Economic Review, American Economic Association, pages 325-329. - M Ali Khan & Yeneng Sun, 1996.
"
**Non-Atomic Games on Loeb Spaces**," Economics Working Paper Archive 374, The Johns Hopkins University,Department of Economics, revised Aug 1996. - M. J. Farrell, 1959.
"
**The Convexity Assumption in the Theory of Competitive Markets**," Journal of Political Economy, University of Chicago Press, vol. 67, pages 377-377. - Mas-Colell, Andreu & Zame, William R., 1991.
"
**Equilibrium theory in infinite dimensional spaces**," Handbook of Mathematical Economics,in: W. Hildenbrand & H. Sonnenschein (ed.), Handbook of Mathematical Economics, edition 1, volume 4, chapter 34, pages 1835-1898 Elsevier. - Aviad Heifetz & Françoise Forges & Enrico Minelli, 2001.
"
**Incentive compatible core and competitive equilibria in differential information economies**," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 349-365.- F. Forges & A. Heifetz & E. Minelli, 1999.
"
**Incentive compatible core and competitive equilibria in differential information economies**," THEMA Working Papers 99-06, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise. - FORGES, Françoise & HEIFETZ , Aviad & MINELLI, Enrico, 2001.
"
**Incentive compatible core and competitive equilibria in differential information economies**," CORE Discussion Papers RP 1555, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). - Forges, F. & Heifetz, A. & Minelli, E., 1999.
"
**Incentive Compatible Core and Competitive Equilibria in Differential Information Economies**," Papers 34-99, Tel Aviv. - Forges, F. & Heifetz, A. & Minelli, E., 1999.
"
**Incentive Compatible Core and Competitive Equilibria in Differential Information Economics**," Papers 99-06, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..

- F. Forges & A. Heifetz & E. Minelli, 1999.
"
- Khan, M. Ali, 1988.
"
**Ioffe's normal cone and the foundations of welfare economics: An example**," Economics Letters, Elsevier, vol. 28(1), pages 15-19. - Anderson, Robert M., 1992.
"
**The core in perfectly competitive economies**," Handbook of Game Theory with Economic Applications,in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 1, chapter 14, pages 413-457 Elsevier. - Khan, M Ali, 1999.
"
**The Mordukhovich Normal Cone and the Foundations of Welfare Economics**," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 1(3), pages 309-338.- M Ali Khan, 1998.
"
**The Murdukovich Normal Cone and the Foundations of Welfare Economics**," Economics Working Paper Archive 404, The Johns Hopkins University,Department of Economics.

- M Ali Khan, 1998.
"
- Forges, Francoise & Minelli, Enrico & Vohra, Rajiv, 2002.
"
**Incentives and the core of an exchange economy: a survey**," Journal of Mathematical Economics, Elsevier, vol. 38(1-2), pages 1-41, September.- Francoise Forges & Enrico Minelli & Rajiv Vohra, 2000.
"
**Incentives and the Core of an Exchange Economy: A Survey**," Working Papers 2000-22, Brown University, Department of Economics. - FORGES, Françoise & MINELLI, Enrico & VOHRA, Rajiv, 2001.
"
**Incentives and the core of an exchange economy: a survey**," CORE Discussion Papers 2001043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

- Francoise Forges & Enrico Minelli & Rajiv Vohra, 2000.
"
- Sun, Yeneng & Yannelis, Nicholas C., 2007.
"
**Core, equilibria and incentives in large asymmetric information economies**," Games and Economic Behavior, Elsevier, vol. 61(1), pages 131-155, October. - Serrano, Roberto & Volij, Oscar, 2000.
"
**Walrasian Allocations without Price-Taking Behavior**," Journal of Economic Theory, Elsevier, vol. 95(1), pages 79-106, November.- Volij, Oscar & Serrano, Roberto, 2000.
"
**Walrasian Allocations Without Price-Taking Behavior**," Staff General Research Papers Archive 5168, Iowa State University, Department of Economics.

- Volij, Oscar & Serrano, Roberto, 2000.
"
- Starrett, David A., 1972.
"
**Fundamental nonconvexities in the theory of externalities**," Journal of Economic Theory, Elsevier, vol. 4(2), pages 180-199, April. - Herves-Beloso, Carlos & Moreno-Garcia, Emma & Yannelis, Nicholas C., 2005.
"
**An equivalence theorem for a differential information economy**," Journal of Mathematical Economics, Elsevier, vol. 41(7), pages 844-856, November. - KHAN , M. Ali & SUN, Yeneng, 1997.
"
**On Loeb measures spaces and their significance for non-cooperative game theory**," CORE Discussion Papers 1997012, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). - Aloisio Araujo & V. Martins-da-Rocha & Paulo Monteiro, 2004.
"
**Equilibria in reflexive Banach lattices with a continuum of agents**," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 469-492. - Balder, Erik J., 2000.
"
**Incompatibility of Usual Conditions for Equilibrium Existence in Continuum Economies without Ordered Preferences**," Journal of Economic Theory, Elsevier, vol. 93(1), pages 110-117, July. - Jackson, Matthew O. & Manelli, Alejandro M., 1997.
"
**Approximately Competitive Equilibria in Large Finite Economies**," Journal of Economic Theory, Elsevier, vol. 77(2), pages 354-376, December. - Gabszewicz, Jean J. & Shitovitz, Benyamin, 1992.
"
**The core in imperfectly competitive economies**," Handbook of Game Theory with Economic Applications,in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 1, chapter 15, pages 459-483 Elsevier.- GABSZEWICZ, Jean J. & SHITOVITZ, Benjamin, 1992.
"
**The core in imperfectly competitive economies**," CORE Discussion Papers RP 1013, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

- GABSZEWICZ, Jean J. & SHITOVITZ, Benjamin, 1992.
"
- V. Martins-da-Rocha, 2004.
"
**Equilibria in large economies with differentiated commodities and non-ordered preferences**," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 529-552. - Brown, Donald J, 1976.
"
**Existence of a Competitive Equilibrium in a Nonstandard Exchange Economy**," Econometrica, Econometric Society, vol. 44(3), pages 537-546, May.- Donald J. Brown, 1972.
"
**Existence of a Competitive Equilibrium in a Nonstandard Exchange Economy**," Cowles Foundation Discussion Papers 342, Cowles Foundation for Research in Economics, Yale University.

- Donald J. Brown, 1972.
"
- Otani, Yoshihiko & Sicilian, Joseph, 1977.
"
**Externalities and problems of nonconvexity and overhead costs in welfare economics**," Journal of Economic Theory, Elsevier, vol. 14(2), pages 239-251, April. - Shapley, L S, 1975.
"
**An Example of a Slow-Converging Core**," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 16(2), pages 345-351, June. - Zame, William R. & Noguchi, Mitsunori, 2006.
"
**Competitive markets with externalities**," Theoretical Economics, Econometric Society, vol. 1(2), pages 143-166, June. - Tourky, Rabee & Yannelis, Nicholas C., 2001.
"
**Markets with Many More Agents than Commodities: Aumann's "Hidden" Assumption**," Journal of Economic Theory, Elsevier, vol. 101(1), pages 189-221, November. - repec:dau:papers:123456789/5451 is not listed on IDEAS
- repec:dau:papers:123456789/6273 is not listed on IDEAS
- Mas-Colell, Andreu, 1986.
"
**The Price Equilibrium Existence Problem in Topological Vector Lattice s**," Econometrica, Econometric Society, vol. 54(5), pages 1039-1053, September. - Khan, M. Ali & Rashid, Salim, 1978.
"
**A limit theorem for an approximate core of a large but finite economy**," Economics Letters, Elsevier, vol. 1(4), pages 297-302. - Khan, M. Ali & Vohra, Rajiv, 1984.
"
**Equilibrium in abstract economies without ordered preferences and with a measure space of agents**," Journal of Mathematical Economics, Elsevier, vol. 13(2), pages 133-142, October. - Filipe Martins-da-Rocha, V., 2003.
"
**Equilibria in large economies with a separable Banach commodity space and non-ordered preferences**," Journal of Mathematical Economics, Elsevier, vol. 39(8), pages 863-889, November. - Foley, Duncan K, 1970.
"
**Lindahl's Solution and the Core of an Economy with Public Goods**," Econometrica, Econometric Society, vol. 38(1), pages 66-72, January.- D. K. Foley, 1967.
"
**Lindahl's Solution and the Core of an Economy with Public Goods**," Working papers 3, Massachusetts Institute of Technology (MIT), Department of Economics.

- D. K. Foley, 1967.
"
- Khan, M Ali, 1974.
"
**Some Remarks on the Core of a "Large" Economy**," Econometrica, Econometric Society, vol. 42(4), pages 633-642, July. - Peter Hammond, 1995.
"
**Four Characterizations Of Constrained Pareto Efficiency In Continuum Economies With Widespread Externalities**," The Japanese Economic Review, Japanese Economic Association, vol. 46(2), pages 103-124, June.

**Full references**(including those not matched with items on IDEAS)

## More about this item

### Keywords

Allocation of Resources; Perfect Competition; Exchange Economy;### JEL classification:

**D00**- Microeconomics - - General - - - General

### 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:eab:microe:22207*. 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: (Shiro Armstrong). General contact details of provider: http://edirc.repec.org/data/eaberau.html .

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.

If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.