Allocative Efficiency of Markets with Zero Intelligence (Z1) Traders: Market as a Partial Substitute for Individual Rationality

D.K. Gode and Shyam Sunder

GSIA Working Papers from Carnegie Mellon University, Tepper School of Business

Keywords: costs; efficiency; economic theory; demand (search for similar items in EconPapers)
Pages: 27 pages
Date: 1991
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Journal Article: Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality (1993)
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