Direct Exchange in Linear Economies

Sjur Didrik Flåm () and Kjetil Gramstad
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Sjur Didrik Flåm: University of Bergen, Norway, Postal: Department of Economics, Fosswinckelsgt. 14, 5007 Bergen, Norway, http://www.svf.uib.no/econ

No 05/12, Working Papers in Economics from University of Bergen, Department of Economics

Abstract: Abstract. Considered here is direct exchange of production allowances or input factors. Motivated by practical modelling and compution, we sup- pose every owner or user of such items has a linear technology. The issue then is whether competitive market equilibrium can be reached merely via iterated bilateral barters. This paper provides positive and constructive answers.

Keywords: Resource markets; transferable utility:competitive equilibrium; core imputations; linear programming; bilateral barters. (search for similar items in EconPapers)
JEL-codes: C63 C71 D03 D21 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2012-05-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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