On the efficiency of fixed price equilibrium

DOI10.1016/0022-0531(84)90057-7zbMath0549.90018OpenAlexW2026500732MaRDI QIDQ800208

Eric S. Maskin, Jean Tirole

Publication date: 1984

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

Full work available at URL: https://doi.org/10.1016/0022-0531(84)90057-7

zbMATH Keywords

efficiencyalternative concepts of optimalityfixed price equilibriumK-equilibrium

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (3)

Rationing, bargaining, and voting in 2-sided markets ⋮ Constrained suboptimality when prices are non-competitive ⋮ Equilibrated states and optimal allocations of resources under rigid prices

Cites Work

• Equilibrium with quantity rationing and recontracting
• On Non-Walrasian Equilibria
• Neo-Keynesian Disequilibrium Theory in a Monetary Economy
• On the Role of Money in the Process of Exchange and the Existence of a Non- Walrasian Equilibrium
• Existence of an Exchange Equilibrium under Price Rigidities

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