Koutsougeras, Léonidas
[UCL]
In view of the well known core equivalence results in atomless economies, coincidence of market game equilibrium allocations with competitive allocations is tantamount to a three way equivalence between market game mechanisms, competitive equilibria and the core. Based on this idea I propose an equilibrium refinement of market games which allows me to use the core equivalence machinery to provide an exact market game characterization of competitive equilibria.
| Bibliographic reference |
Koutsougeras, Léonidas. On a three way equivalence. CORE Discussion Papers ; 1998/09 (1998) |
| Permanent URL |
http://hdl.handle.net/2078.1/3923 |
