Manipulation-proof equilibrium in atomless economies with commodity differentiation

Mario Pascoa, Carlos Hervés-Beloso and Emma Moreno-García

Economic Theory, 1999, vol. 14, issue 3, 545-563

Abstract: In this paper, we introduce a perfect competition test which checks the incentives of arbitrarily small coalitions to behave strategically in endowments and preferences. We apply this coalitional incentive compatibility test to atomless economies with a continuum of differentiated commodities. We show that, under thickness conditions, economies with a finite number of types and economies whose set of agents' preferences is compact, pass this perfect competition test. Limiting results for replica economies are also presented.

Keywords: Perfect competition; Continuum economies; Incentive compatibility; Thick markets; Walrasian equilibrium. (search for similar items in EconPapers)
JEL-codes: D41 D51 (search for similar items in EconPapers)
Date: 1999-10-14
Note: Received: July 25, 1997; revised version: December 5, 1998
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://link.springer.de/link/service/journals/00199/papers/9014003/90140545.pdf (application/pdf)
Access to the full text of the articles in this series is restricted

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:joecth:v:14:y:1999:i:3:p:545-563

Ordering information: This journal article can be ordered from
http://www.springer. ... eory/journal/199/PS2

Access Statistics for this article

Economic Theory is currently edited by Nichoals Yanneils

More articles in Economic Theory from Springer, Society for the Advancement of Economic Theory (SAET) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().