• Book  

      Decentralization of the core through Nash equilibrium 

      Koutsougeras, Leonidas C.; Ziros, Nicholas (2008)
    • 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  

      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 ...
    • 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, ...
    • Book  

      A three way equivalence 

      Koutsougeras, Leonidas C.; Ziros, Nicholas (2006)
    • Article  

      A three way equivalence 

      Koutsougeras, Leonidas C.; Ziros, Nicholas (2008)