Lahiri, Somdeb (2008): Manipulation of market equilibrium via endowments.
Download (77kB) | Preview
In this paper we show that in an exchange economy with quasi-linear preferences it is possible to manipulate market equilibrium by destroying and withholding ones initial endowments.
|Item Type:||MPRA Paper|
|Original Title:||Manipulation of market equilibrium via endowments|
|Subjects:||C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C79 - Other|
|Depositing User:||Somdeb Lahiri|
|Date Deposited:||14 Aug 2008 23:58|
|Last Modified:||19 Feb 2016 21:58|
1.Atlamaz, M. and B. Klaus (2007): “Manipulation via Endowments in Exchange Markets with Indivisible Goods”, Social Choice and Welfare, 28(1), 1-18.
2.Campbell, D.E. (1987): “Resource Allocation Mechanisms”, Cambridge University Press.
3.Moulin, H. (1995): “Cooperative Microeconomics: A Game-Theoretic Introduction”, Prentice Hall/ Harvester Wheatsheaf.
4.Postelwaite, A. (1979): “Manipulation via endowments”, Review of Economic Studies, 46: 255-262.
5.Shapley, L. and M. Shubik (1969): “On Market Games”, Journal of Economic Theory, 1: 9-25.
6.Shapley, L. and M. Shubik (1976): “Competitive Outcomes in the Cores of Market Games”, International Journal of Game Theory, 4: 229-237.