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https://hdl.handle.net/10216/65312| Author(s): | João Correia-da-Silva |
| Title: | General equilibrium in markets for lemons |
| Issue Date: | 2012 |
| Abstract: | This paper studies exchange economies in which agents have differential information about the goods that the other agents bring to the market. To study such a setting, it is useful to distinguish goods not only by their physical characteristics, but also by the agent that brings them to the market. Equilibrium is shown to exist, with agents receiving the cheapest bundle among those that they cannot distinguish from the truthful delivery. An example is presented as an illustration. |
| Subject: | Economia e gestão Economics and Business |
| Scientific areas: | Ciências sociais::Economia e gestão Social sciences::Economics and Business |
| DOI: | 10.1016/j.jmateco.2012.04.002 |
| URI: | https://repositorio-aberto.up.pt/handle/10216/65312 |
| Document Type: | Artigo em Revista Científica Internacional |
| Rights: | openAccess |
| License: | https://creativecommons.org/licenses/by-nc/4.0/ |
| Appears in Collections: | FEP - Artigo em Revista Científica Internacional |
This item is licensed under a Creative Commons License
