Browsing by Subject "Core"

Now showing items 1-2 of 2

    • 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 ...
    • 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, ...