Market Institutions and Allocations.

We show for general class of market environments that there exist allocations that cannot be improved upon by allocations that are obtainable in the nash equilibrium of alternative noncooperative games. We take account of the fact that in such alternative games, individuals will draw inferences about other's types when the participate in the alternative game.

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Year of publication:	1996
Authors:	Green, G..
Institutions:	Economics Department, Stern School of Business
Subject:	GAME THEORY \| ECONOMIC EQUILIBRIUM \| MARKET

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	17 pages
Classification:	C70 - Game Theory and Bargaining Theory. General ; C73 - Stochastic and Dynamic Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005113432