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Market allocations under conflation of goods

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Listed:
  • Niccol`o Urbinat
  • Marco LiCalzi

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.

Suggested Citation

  • Niccol`o Urbinat & Marco LiCalzi, 2024. "Market allocations under conflation of goods," Papers 2412.18875, arXiv.org.
    • Handle: RePEc:arx:papers:2412.18875
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • D62 - Microeconomics - - Welfare Economics - - - Externalities

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