Randon, E. (contributor); Simmons, Peter J. (contributor) - 2008
properties of the outcome and we show the
Pareto optimality of the equilibrium selected.
The plan of the paper is to introduce … for Pareto optimality are sufficient, and so the Nash-market equilibrium
is a Pareto optimum. Thus in this scenario the … Pareto optimality in this case is satisfied only if
the endowment restrictions are slack. In that sense it may lead to …