Market allocations under conflation of goods
Fuente:
arXiv
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Preprint |
| Published: |
2024
|
| Subjects: | |
| Online Access: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1866914394116456448 |
|---|---|
| author | Urbinat, Niccolò LiCalzi, Marco |
| author_facet | Urbinat, Niccolò LiCalzi, Marco |
| contents | We study competitive equilibria in exchange economies when a continuum of goods is conflated into a finite set of commodities. The design of conflation choices affects the allocation of scarce resources among agents, by constraining trading opportunities and shifting competitive pressures. We demonstrate the consequences on relative prices, trading positions, and welfare. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2412_18875 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Market allocations under conflation of goods Urbinat, Niccolò LiCalzi, Marco Theoretical Economics 91B24 (Primary) 91B50, 91B54 (Secondary) We study competitive equilibria in exchange economies when a continuum of goods is conflated into a finite set of commodities. The design of conflation choices affects the allocation of scarce resources among agents, by constraining trading opportunities and shifting competitive pressures. We demonstrate the consequences on relative prices, trading positions, and welfare. |
| title | Market allocations under conflation of goods |
| topic | Theoretical Economics 91B24 (Primary) 91B50, 91B54 (Secondary) |
| url | https://arxiv.org/abs/2412.18875 |