Market Equilibrium Via Classifications of Commodities

When a rich variety of available goods is classified into a smaller number of tradable commodities, we have a market economy that relies on a simplified representation. We study how the classification of goods into commodities affects the allocation of scarce resources among agents. We also consider a notion of decentralized equilibrium that is achieved merely by an appropriate classification of the goods, regardless of the presence of a price-based mechanism

MoreLess

Year of publication:	2022
Authors:	Urbinati, Niccolò ; Li Calzi, Marco
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Klassifikation \| Classification

Extent:	1 Online-Ressource (27 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: University Ca' Foscari of Venice, Dept. of Economics Research Paper Series No. ISSN: 1827-3580 No. 05/WP, 2022 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 20, 2022 erstellt
Other identifiers:	10.2139/ssrn.4269086 [DOI]
Classification:	D02 - Institutions: Design, Formation, and Operations ; D51 - Exchange and Production Economies ; D62 - Externalities
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014242522