A Simple Auctioneerless Mechanism with Walrasian Properties
Article Abstract:
A simple method is proposed in which trader actions determine prices directly. No auctioneer is needed to adjust prices. The new mechanism performs indentically to the Walras auctioneer with the exact set of equilibrium.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1984
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A Uniform Core Convergence Result for Non-Convey Economies
Article Abstract:
A form of convergence in price terms is developed for core allocations. Uniform convergence is achieved for non- convey economies. A trader will acquire a bundle in the core allocation approximating his wealth.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1983
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Characterizations of bargaining solutions in production economies with unequal skills
Article Abstract:
This study examines resource allocation problems in production economies possessing unequal skills and proposes three bargaining solutions.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2003
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