A failure of the price mechanism in the gas market cannot be ruled out. The article explains how a market collapse can … economic framework should have in the shadow of a possible market collapse. …

A failure of the price mechanism in the gas market cannot be ruled out. The article explains how a market collapse can … economic framework should have in the shadow of a possible market collapse. …

This paper examines Adam Smith's concept of an Invisible Hand of the market in light of the underlying assumptions for … convergence towards Germany’s productivity levels. …

This paper examines Adam Smith's concept of an Invisible Hand of the market in light of the underlying assumptions for … convergence towards Germany’s productivity levels. …

rematched traders and minimal imbalances (m = n +- 1) in three market institutions. In the standard continuous double auction …

submarkets upon entry to a frictional market. Consequently, income inequality determines the dispersion of equilibrium trading …