Market allocations under conflation of goods

Niccol\`o Urbinat and Marco LiCalzi

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Abstract: 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.

Date: 2024-12
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http://arxiv.org/pdf/2412.18875 Latest version (application/pdf)

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Working Paper: Market allocations under conflation of goods (2024)
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