Browsing by Author "Koutsougeras, Leonidas C."
Now showing items 1-6 of 6
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Book
Decentralization of the core through Nash equilibrium
Koutsougeras, Leonidas C.; Ziros, Nicholas (2008)
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Article
Non-Walrasian decentralization of the core
Koutsougeras, Leonidas C.; Ziros, Nicholas (2011)We show that in large finite economies, core allocations can be approximately decentralized as Nash (rather than Walras) equilibrium. We argue that this exercise is an essential complement to asymptotic core equivalence ...
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Article
Notes, comments, and letters to the editor: a three way equivalence
Koutsougeras, Leonidas C.; Ziros, Nicholas (2008)
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Article
The Second Welfare Theorem in Economies with Non-Walrasian Markets
Koutsougeras, Leonidas C.; Ziros, Nicholas (2015)The standard version of the second welfare theorem assumes that market operations produce Walrasian outcomes. Therefore, if there are individuals who can manipulate prices, the conclusion of the second welfare theorem is ...
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Article
A three way equivalence
Koutsougeras, Leonidas C.; Ziros, Nicholas (2008)In view of the well known core equivalence results in atomless economies, coincidence of market game equilibrium allocations with competitive allocations is tantamount to a three way equivalence between market game mechanisms, ...
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Book
A three way equivalence
Koutsougeras, Leonidas C.; Ziros, Nicholas (2006)