Firms as Clubs in Walrasian Markets with Private Information : Technical Appendix

This paper proves the Welfare Theorems and the existence of a competitive equilibrium for the club economies with private information in Prescott and Townsend (2005). The proofs cover lottery economies with a finite number of goods and without free disposal. A mapping based on Negishi (1960) is used

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Year of publication:	2012
Authors:	Prescott, Edward S.
Other Persons:	Townsend, Robert M. (contributor)
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Allgemeines Gleichgewicht \| General equilibrium \| Theorie der Unternehmung \| Theory of the firm \| Asymmetrische Information \| Asymmetric information \| Clubtheorie \| Club theory

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Extent:	1 Online-Ressource (19 p)
Series:	FRB Richmond Working Paper ; No. 05-11
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 1, 2005 erstellt
Other identifiers:	10.2139/ssrn.2185588 [DOI]
Classification:	D51 - Exchange and Production Economies ; D71 - Social Choice; Clubs; Committees; Associations ; D82 - Asymmetric and Private Information ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013096990