The representation problem and the efficiency of the price mechanism

DOI10.1016/0304-4068(85)90017-5zbMath0585.90009OpenAlexW2087705950MaRDI QIDQ1071629

Donald G. Saari

Publication date: 1985

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: http://www.kellogg.northwestern.edu/research/math/papers/607.pdf

zbMATH Keywords

differential geometrymost efficient Pareto seeking mechanismoptimal representationrepresentation of the allocation

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

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Cites Work

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• A method for constructing message systems for smooth performance functions
• The competitive allocation process is informationally efficient uniquely
• Iterative Price Mechanisms
• An Axiomatic Characterization of the Price Mechanism
• Effective Price Mechanisms