A three way equivalence

Leonidas C. Koutsougeras; Nicholas Ziros

doi:10.1016/j.jet.2007.06.004

A three way equivalence

Leonidas C. Koutsougeras, Nicholas Ziros

Economics

Research output: Contribution to journal › Article › peer-review

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. © 2007 Elsevier Inc. All rights reserved.

Original language	English
Pages (from-to)	380-391
Number of pages	11
Journal	Journal of Economic Theory
Volume	139
Issue number	1
DOIs	https://doi.org/10.1016/j.jet.2007.06.004
Publication status	Published - Mar 2008

Keywords

Competition
Core
Strategic market games

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10.1016/j.jet.2007.06.004

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title = "A three way equivalence",

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. {\textcopyright} 2007 Elsevier Inc. All rights reserved.",

keywords = "Competition, Core, Strategic market games",

author = "Koutsougeras, {Leonidas C.} and Nicholas Ziros",

year = "2008",

month = mar,

doi = "10.1016/j.jet.2007.06.004",

language = "English",

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pages = "380--391",

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AU - Koutsougeras, Leonidas C.

AU - Ziros, Nicholas

PY - 2008/3

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AB - 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. © 2007 Elsevier Inc. All rights reserved.

KW - Competition

KW - Core

KW - Strategic market games

U2 - 10.1016/j.jet.2007.06.004

DO - 10.1016/j.jet.2007.06.004

M3 - Article

SN - 0022-0531

VL - 139

SP - 380

EP - 391

JO - Journal of Economic Theory

JF - Journal of Economic Theory

IS - 1

ER -

A three way equivalence

Abstract

Keywords

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