scholarly journals Foundations of pseudomarkets: Walrasian equilibria for discrete resources

2021 ◽  
pp. 105303
Author(s):  
Antonio Miralles ◽  
Marek Pycia
Keyword(s):  
Walrasian Equilibria

Absence of Envy among “Neighbors” Can Be Enough

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Chiara Donnini ◽  
Marialaura Pesce
Keyword(s):  
Mixed Markets ◽  
Entire Society ◽  
Equivalence Theorems ◽  
Definition Of ◽  
Equal Income ◽  
Walrasian Equilibria

AbstractWe assume that the set of agents is decomposed into several classes containing individuals related each other in some way, for example groups of neighbors. We propose a new definition of fairness by requiring efficiency and envy-freeness only within each group. We identify conditions under which absence of envy among “neighbors” is enough to ensure fairness in the entire society. We also show that equal-income Walrasian equilibria are the only fair allocations according to our notion, deriving as corollaries the equivalence theorems of Zhou (1992) and Cato (2010). The analysis is conducted in atomless economies as well as in mixed markets.

scholarly journals From Singularity Theory to Finiteness of Walrasian Equilibria

2010 ◽  
Author(s):  
Sofia B.S.D. Castro ◽  
Sami F. Dakhlia ◽  
Peter B. Gothen
Keyword(s):  
Singularity Theory ◽  
Walrasian Equilibria

scholarly journals Approximating Walrasian Equilibria

2019 ◽  
Vol 55 (2) ◽  
pp. 577-596
Author(s):  
Aad Ruiter
Keyword(s):  
Walrasian Equilibria

Efficiency of Non-Walrasian Equilibria: A Note

Econometrica ◽  
1982 ◽  
Vol 50 (3) ◽  
pp. 775 ◽  
Author(s):  
Paul Madden
Keyword(s):  
Walrasian Equilibria

Efficiency of Non-Walrasian Equilibria

Econometrica ◽  
1980 ◽  
Vol 48 (1) ◽  
pp. 127 ◽  
Author(s):  
P. R. Nayak
Keyword(s):  
Walrasian Equilibria
Sign in / Sign up

Export Citation Format

Share Document