| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 957580 | Journal of Economic Theory | 2008 | 12 Pages |
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 we study equilibrium refinements of market games, which allow us to use the core equivalence machinery in order to provide an exact market game characterization of competitive equilibria.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Leonidas C. Koutsougeras, Nicholas Ziros,