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Chapter Fifteen. Competitive Market Mechanisms as Social Choice Procedures

Hammond, Peter J. - In: Handbook of social choice and welfare : volume 2, (pp. 47-151). 2011

A competitive market mechanism is a prominent example of a nonbinary social choice rule, typically defined for a special class of economic environments in which each social state is an economic allocation of private goods, and individuals’ preferences concern only their own personal...

Persistent link: https://www.econbiz.de/10014025193

Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth

Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …

Persistent link: https://www.econbiz.de/10014023678

Movilidad social, desigualdad de oportunidades y actividades delictivas: un enfoque teórico

Carlos Alejandro Núñez T. - In: COYUNTURA ECONÓMICA (2010)

equilibrium model derived from the economic theory of conflict is proposed, in which a group of heterogeneousagents choose the …

Persistent link: https://www.econbiz.de/10010946002

Spatial economic networks with multicriteria producers and consumers: Statics and dynamics

Zhang, Ding; Dong, June; Nagurney, Anna - In: The Annals of Regional Science 36 (2002) 1, pp. 79-105

In this paper, we develop a framework for the formulation, analysis, and computation of solutions to spatial network problems in which the firms are multicriteria decision-makers and the consumers are as well. In particular, the firms, which are involved in the production of a homogeneous...

Persistent link: https://www.econbiz.de/10005391468

The equilibrium manifold with boundary constraints on the consumption sets

Bonnisseau, Jean-Marc; Cayupi, Jorge Rivera - In: Estudios de Economia 30, 2 Year 2003, pp. 225-240

In this paper we consider a class of pure exchange economies in which the consumption plans may be restricted to be above a minimal level. This class is parameterised by the initial endowments and the constraints on the consumption. We show that the demand functions are locally Lipschitzian and...

Persistent link: https://www.econbiz.de/10005687606

On market economies : how controllable constructs become complex

Dominique, Charlemagne René; Rivera-Solis, Luis Eduardo - In: Expert journal of economics 2 (2014) 3, pp. 100-108

Since Lėon Walras neoclassical economists hold an inalterable belief in a unique and stable equilibrium for the economic system which however remains to this day unobservable. Yet that belief is the corner stone of other theories such as the "Efficient Market Hypothesis" as well as the...

Persistent link: https://www.econbiz.de/10012062056

A theory of regular Markov perfect equilibria in dynamic stochastic games : genericity, stability, and purification

Doraszelski, Ulrich; Escobar, Juan - In: Theoretical economics : TE ; an open access journal in … 5 (2010) 3, pp. 369-402

This paper studies generic properties of Markov perfect equilibria in dynamic stochastic games. We show that almost all dynamic stochastic games have a finite number of locally isolated Markov perfect equilibria. These equilibria are essential and strongly stable. Moreover, they all admit...

Persistent link: https://www.econbiz.de/10011695306

Pricing and investments in matching markets

Mailath, George J.; Postlewaite, Andrew; Samuelson, Larry - In: Theoretical economics : TE ; an open access journal in … 8 (2013) 2, pp. 535-590

Different markets are cleared by different types of prices—seller-specific prices that are uniform across buyers in some markets, and personalized prices tailored to the buyer in others. We examine a setting in which buyers and sellers make investments before matching in a competitive market....

Persistent link: https://www.econbiz.de/10011686665

The market as a decision-making mechanism in a democracy

Evangelopoulos, Panagiotis - In: International journal of economics and finance 7 (2015) 11, pp. 260-263

Persistent link: https://www.econbiz.de/10011401484

Multi-party certification on blockchain and its impact in the market for lemons

Bauer, Ingrid; Parra Moyano, José; Schmedders, Karl; … - In: Journal of management information systems : JMIS 39 (2022) 2, pp. 395-425

Persistent link: https://www.econbiz.de/10013367719

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