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What's wrong with the fundamental existence and welfare theorems?

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  • Foley, Duncan K.

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  • Foley, Duncan K., 2010. "What's wrong with the fundamental existence and welfare theorems?," Journal of Economic Behavior & Organization, Elsevier, vol. 75(2), pages 115-131, August.
    • Handle: RePEc:eee:jeborg:v:75:y:2010:i:2:p:115-131
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    1. Smale, Stephen, 1976. "Exchange processes with price adjustment," Journal of Mathematical Economics, Elsevier, vol. 3(3), pages 211-226, December.
    2. Steven Gjerstad, 2013. "Price dynamics in an exchange economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(2), pages 461-500, March.
    3. Rubinstein, Ariel & Wolinsky, Asher, 1985. "Equilibrium in a Market with Sequential Bargaining," Econometrica, Econometric Society, vol. 53(5), pages 1133-1150, September.
    4. Smith, Eric & Foley, Duncan K., 2008. "Classical thermodynamics and economic general equilibrium theory," Journal of Economic Dynamics and Control, Elsevier, vol. 32(1), pages 7-65, January.
    5. Albin, Peter & Foley, Duncan K., 1992. "Decentralized, dispersed exchange without an auctioneer : A simulation study," Journal of Economic Behavior & Organization, Elsevier, vol. 18(1), pages 27-51, June.
    6. K. G. Binmore & M. J. Herrero, 1988. "Security Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 55(1), pages 33-48.
    7. Ariel Rubinstein & Asher Wolinsky, 1990. "Decentralized Trading, Strategic Behaviour and the Walrasian Outcome," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 57(1), pages 63-78.
    8. Sonnenschein, Hugo, 1973. "Do Walras' identity and continuity characterize the class of community excess demand functions?," Journal of Economic Theory, Elsevier, vol. 6(4), pages 345-354, August.
    9. Sonnenschein, Hugo, 1972. "Market Excess Demand Functions," Econometrica, Econometric Society, vol. 40(3), pages 549-563, May.
    10. Gale, Douglas M, 1986. "Bargaining and Competition Part II: Existence," Econometrica, Econometric Society, vol. 54(4), pages 807-818, July.
    11. Foley, Duncan K., 1970. "Economic equilibrium with costly marketing," Journal of Economic Theory, Elsevier, vol. 2(3), pages 276-291, September.
    12. Mantel, Rolf R., 1974. "On the characterization of aggregate excess demand," Journal of Economic Theory, Elsevier, vol. 7(3), pages 348-353, March.
    13. K. G. Binmore & M. J. Herrero, 1988. "Matching and Bargaining in Dynamic Markets," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 55(1), pages 17-31.
    14. Gale, Douglas M, 1986. "Bargaining and Competition Part I: Characterization," Econometrica, Econometric Society, vol. 54(4), pages 785-806, July.
    15. Debreu, Gerard, 1974. "Excess demand functions," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 15-21, March.
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    Cited by:

    1. Heinrich, Torsten, 2013. "The ongoing history of economic conservation laws," MPRA Paper 68088, University Library of Munich, Germany.
    2. Jangho Yang, 2017. "An Entropy-Constrained Model of Induced Technical Change with a Single Innovation Possibility Frontier," Working Papers 1714, New School for Social Research, Department of Economics.
    3. Daniele Cassese & Paolo Pin, 2018. "Decentralized Pure Exchange Processes on Networks," Papers 1803.08836, arXiv.org, revised Mar 2022.
    4. Duncan K. Foley, 2020. "Socialist alternatives to capitalism I: Marx to Hayek," Review of Evolutionary Political Economy, Springer, vol. 1(3), pages 297-311, November.
    5. Duncan K. Foley, 2020. "Socialist alternatives to capitalism II: Vienna to Santa Fe," Review of Evolutionary Political Economy, Springer, vol. 1(3), pages 313-328, November.
    6. Eric Smith & Duncan Foley & Benjamin Good, 2013. "Unhedgeable shocks and statistical economic equilibrium," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(1), pages 187-235, January.

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