Price controls, non-price quality competition, and the nonexistence of competitive equilibrium

DOI10.1016/j.geb.2016.06.012zbMath1394.91142OpenAlexW415065942MaRDI QIDQ324155

Tomomi Tanaka, Charles R. Plott, John William Hatfield

Publication date: 10 October 2016

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: https://authors.library.caltech.edu/82941/

zbMATH Keywords

stabilitymatchingcorecompetitive equilibriumprice controls

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26) Matching models (91B68)

Related Items (4)

Equilibrium and matching under price controls ⋮ General equilibrium methodology applied to the design, implementation and performance evaluation of large, multi-market and multi-unit policy constrained auctions ⋮ Expectational equilibria in many-to-one matching models with contracts ⋮ Tick size, price grids and market performance: stable matches as a model of market dynamics and equilibrium

Cites Work

• Constrained suboptimality when prices are non-competitive
• Continuum economies with finite coalitions: Core, equilibria, and widespread externalities
• Buying several indivisible goods
• Equilibrium and matching under price controls
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• Global instability in experimental general equilibrium: the Scarf example
• The nonemptiness of the \(f\)-core of a game without side payments
• Imperfect competition in two-sided matching markets
• The assignment game. I: The core
• Equilibrium under Rigid Prices with Compensation for the Consumers
• Job Matching, Coalition Formation, and Gross Substitutes
• An Experimental Comparison of Dispute Rates in Alternative Arbitration Systems
• Existence of an Exchange Equilibrium under Price Rigidities
• Basic Principles of Asset Pricing Theory: Evidence from Large-Scale Experimental Financial Markets *
• Concurrent trading in two experimental markets with demand interdependence

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