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Competitive Equilibrium in Markets for Votes [PDF]
Journal of Political Economy, 2010 We develop a competitive equilibrium theory of a market for votes. Before voting on a binary issue, individuals may buy and sell their votes with each other. We definne ex ante vote-trading equilibrium, identify weak sufficient conditions for existence,
Aniol Llorente-saguer +5 more
core +24 more sources
Mathematics, 2022 For an exchange economy with a continuum of traders and a finite-dimensional commodity space under some standard assumptions, Aumann showed that the core and the set of competitive allocations (two most important solutions) coincide and Mas-Colell proved
Jiuqiang Liu
doaj +1 more source
Nash Equilibrium to Competitive Equilibrium Mechanisms Design: Subsidization and Punishment
IEEE Access, 2021 Due to the small number of participants in realistic cases, the Nash equilibrium generated by an oligopolistic market is more appropriate for depicting the actual energy market than the competitive equilibrium generated by a competitive market.
Kaiying Lin +3 more
doaj +1 more source
Competitive abilities in experimental microcosms are accurately predicted by a demographic index for R*. [PDF]
PLoS ONE, 2012 Resource competition theory predicts that R*, the equilibrium resource amount yielding zero growth of a consumer population, should predict species' competitive abilities for that resource.
Ebony G Murrell, Steven A Juliano
doaj +1 more source
Welfare and Revenue Guarantees for Competitive Bundling Equilibrium [PDF]
, 2014 We study equilibria of markets with $m$ heterogeneous indivisible goods and $n$ consumers with combinatorial preferences. It is well known that a competitive equilibrium is not guaranteed to exist when valuations are not gross substitutes.
A Mas-Collel +16 more
core +1 more source
The dual role of equilibrium price in competitive economies with asymmetric information [PDF]
Ekonomski Anali, 2008 This paper analyses equilibrium in competitive markets with asymmetrically informed agents. In contrast to Walrasian equilibrium, where equilibrium price is only an indicator of relative scarcity, in the models studied in this paper equilibrium price has
Trifunović Dejan
doaj +1 more source
Quasivariational Inequalities for a Dynamic Competitive Economic Equilibrium Problem
Journal of Inequalities and Applications, 2009 The aim of this paper is to consider a dynamic competitive economic equilibrium problem in terms of maximization of utility functions and of excess demand functions.
Donato MariaBernadette +2 more
doaj +2 more sources
Competitive and core allocations in large economies with differential information [PDF]
, 2001 We study the core and competitive allocations in exchange economies with a continuum of traders and differential information. We show that if the economy is “irreducible”, then a competitive equilibrium, in the sense of Radner (1968, 1982), exists ...
Einy, Ezra +2 more
core +3 more sources
General Equilibrium and Welfare in International Trade
Œconomia, 2012 General equilibrium is investigated in the tradition of Cournot, Mill, and Marshall, as applied to countries rather than individuals, on the assumption that individual preferences can be aggregated. This includes the competitive equilibrium of free trade,
John S. Chipman
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Bandwidth allocation and pricing problem for a duopoly market [PDF]
Yugoslav Journal of Operations Research, 2011 This research discusses the Internet service provider (ISP) bandwidth allocation and pricing problems for a duopoly bandwidth market with two competitive ISPs.
You Peng-Sheng +2 more
doaj +1 more source