Approximately competitive equilibria in large finite economies.

The writers discuss exchange economies where each consumer may report or act according to any demand function as long as there are situations that the consumer finds plausible in which the reported demand performs at least as well as the real demand. They identify conditions under which, as the siz...

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Publicado en:Journal of Economic Theory Vol. 77; no. 2; pp. 354 - 377
Autores principales: Jackson, Matthew O., Manelli, Alejandro M.
Formato: Artículo
Publicado: Academic Press Inc. December 1997
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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      pub: Academic Press Inc.
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        10.1006/jeth.1997.2327
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        atl: Approximately competitive equilibria in large finite economies.
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          Jackson, Matthew O.
          Manelli, Alejandro M.
      su:
        Nash equilibrium
        Mathematical models of consumption
        Resource allocation -- Mathematical models
        Economic demand
        Mathematical models
      sug:
        subj:
          Nash equilibrium
          Mathematical models of consumption
          Resource allocation -- Mathematical models
          Economic demand
          Mathematical models
      ab: The writers discuss exchange economies where each consumer may report or act according to any demand function as long as there are situations that the consumer finds plausible in which the reported demand performs at least as well as the real demand. They identify conditions under which, as the size of the economy grows, all the market-clearing prices and allocations of the reported economy approximate the competitive equilibria of the real economy.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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