Can we identify Walrasian allocations?
نویسندگان
چکیده
منابع مشابه
Walrasian Allocations without Price-Taking Behavior
Consider an exchange economy where agents are arbitragers, in that they try to upset allocations imagining plausible bene ̄cial trades. With an introspective algorithm, each agent constructs an interactive choice set (ICS), i.e., a set of bundles that he considers achievable through a sequence of plausible trades with other agents. We show that Walrasian allocations can be characterized as those...
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ژورنال
عنوان ژورنال: Review of Economic Design
سال: 2002
ISSN: 1434-4742
DOI: 10.1007/s100580100040