Are inefficient entrepreneurs driven out of the market?

DOI10.1016/S0022-0531(03)00126-1zbMath1061.91017OpenAlexW2035583722MaRDI QIDQ1427491

Pablo F. Beker

Publication date: 14 March 2004

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0022-0531(03)00126-1

zbMATH Keywords

general equilibriummarket selection hypothesisproduction under incomplete markets

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (3)

Rational expectations and monopolistic trades ⋮ Conservative traders, natural selection and market efficiency ⋮ Retained earnings dynamic, internal promotions and Walrasian equilibrium

Cites Work

• Evolution and market behavior
• Real effects of money in general equilibrium
• Optimality and natural selection in markets
• If You're so Smart, why Aren't You Rich? Belief Selection in Complete and Incomplete Markets
• A Theory of Competitive Equilibrium in Stock Market Economies
• Do Markets Favor Agents able to Make Accurate Predictions?
• Optimal Investment and Consumption Strategies Under Risk for a Class of Utility Functions

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