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Cores, almost competitive prices, and the approximate optimality of Walrasian allocations in discrete spaces

Hurwicz, Leonid - In: Nonlinear and convex analysis in economic theory : …, (pp. 79-99). 1995

Persistent link: https://www.econbiz.de/10001315727

Concurrent trading in two experimental markets with demand interdependence

Williams, Arlington W.; Ledyard, John O.; Gjerstad, Steven - In: Economic Theory 16 (2000) 3, pp. 511-528

We report results from fifteen computerized double auctions with concurrent trading of two commodities. In contrast to prior experimental markets, buyers' demands are induced via CES earnings functions defined over the two traded goods, with a fiat money expenditure constraint. Sellers receive...

Persistent link: https://www.econbiz.de/10005753158

Concurrent Trading in Two Experimental Markets with Demand Interdependence

Williams, Arlington W.; Smith, Vernon L.; Ledyard, John O. - 2001

Persistent link: https://www.econbiz.de/10014148816

Comparing finite mechanisms

Hurwicz, Leonid; Marschak, Thomas A. - In: Economic theory : official journal of the Society for … 21 (2003) 4, pp. 783-841

Persistent link: https://www.econbiz.de/10001756412

Finite allocation mechanisms : approximate Walrasian versus approximate direct revelation

Hurwicz, Leonid; Marschak, Thomas A. - In: Economic theory : official journal of the Society for … 21 (2003) 2/3, pp. 545-572

Persistent link: https://www.econbiz.de/10001732893

The informational efficiency of finite price mechanisms

Hurwicz, Leonid; Marschak, Thomas A. - In: Assets, beliefs, and equilibria in economic dynamics : …, (pp. 413-460). 2004

Persistent link: https://www.econbiz.de/10001809541