The welfare costs of informationally efficient prices
type: Item
instance of: scholarly article
title: The welfare costs of informationally efficient prices
zbMATH Open document ID: 1483.91088
author: Moran Koren
author: Manuel Mueller-Frank
published in: Games and Economic Behavior
publication date: 2022-02-25T00:00:00Z
Mathematics Subject Classification ID: 91B24
Mathematics Subject Classification ID: 91D15
zbMATH DE Number: 7481322
zbMATH Keywords: dynamic markets
zbMATH Keywords: dynamic prices
zbMATH Keywords: herding
zbMATH Keywords: efficient prices
zbMATH Keywords: allocational efficiency
zbMATH Keywords: information aggregation
zbMATH Keywords: social learning
zbMATH Keywords: welfare
zbMATH Keywords: total surplus
zbMATH Keywords: asymptotic learning
MaRDI profile type: Publication
full work available at URL: j.geb.2021.11.014
OpenAlex ID: W3214848549
cites work: Monopoly pricing in the binary herding model
cites work: Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
cites work: Social Learning Equilibria
cites work: Pathological Outcomes of Observational Learning
DOI: 10.1016/J.GEB.2021.11.014
description: scientific article; zbMATH DE number 7481322