Efficient non-contractible investments in large economies. (Q1347820)
From MaRDI portal
 | This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use this page instead for the normal view: Efficient non-contractible investments in large economies. |
scientific article; zbMATH DE number 1736548
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Efficient non-contractible investments in large economies. |
scientific article; zbMATH DE number 1736548 |
Statements
Efficient non-contractible investments in large economies. (English)
0 references
2001
0 references
The authors describe a two-sided matching model in which buyers and sellers make investments prior to matching. Once matched, buyers and sellers bargain over the price by regarding outside options. Efficient decisions can be sustained in equilibrium. Inefficiences being able to arise in equilibrium are characterized. It is shown that equilibria will be constraint efficient, and that the degree of diversity in a large market has implications for the extent of any inefficiency.
0 references
two-sided matching model
0 references
efficient decisions
0 references
inefficiences
0 references
0.8204133
0 references
0.81513906
0 references
0.8082148
0 references
0.8079169
0 references
0.80728173
0 references
0.80711734
0 references
