Values of Markets with Satiation or Fixed Prices
In markets with satiation, competitive equilibria may fail to exist, because no matter what the prices are, the satiation points of some traders may be in the interiors of their budget sets. Thus some traders will be using less than the maximum budget available to them, creating a total budget exces...
| Veröffentlicht in: | Econometrica. - Wiley. - 54(1986), 6, Seite 1271-1318 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
1986
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| Zugriff auf das übergeordnete Werk: | Econometrica |
| Schlagworte: | Coupons equilibrium exchange economy fixed prices game theory satiation Shapley value unemployment Economics Health sciences Business |