Grodal, Birgit; Vind, Karl - Økonomisk Institut, Københavns Universitet - 2000
, consumers’ preferences are defined on the states of the economy. In a Walras equilibrium for such an economy, it may, of course … economy and define a new equilibrium concept, Walras equilibrium with coordination. In such an equilibrium individual … oordination, we set conditions for the existence of a Walras equilibrium with coordination. …