On a three way equivalence
(1998)
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- Abstract
- In view of the well known core equivalence results in atomless economies, coincidence of market game equilibrium allocations with competitive allocations is tantamount to a three way equivalence between market game mechanisms, competitive equilibria and the core. Based on this idea I propose an equilibrium refinement of market games which allows me to use the core equivalence machinery to provide an exact market game characterization of competitive equilibria.
- Affiliations
Citations
Koutsougeras, L. (1998). On a three way equivalence (CORE Discussion Papers 1998/09). https://hdl.handle.net/2078.5/68665