IDEAS home Printed from https://ideas.repec.org/p/cor/louvrp/362.html
   My bibliography  Save this paper

Surplus-sharing local games in dynamic exchange processes

Author

Listed:
  • TULKENS, Henry
  • ZAMIR, Shmuel

Abstract

A well-known property of so-called “MDP processes”1 is monotonicity in terms of the utilities of the agents, due to the sharing among the latter of a “surplus” of numeraire generated at each point of their trajectories. In this paper, we focus our attention on the somewhat neglected question of how this sharing takes place, and we propose to use game-theoretic concepts and methods for answering it. A byproduct of this enquiry is the formulation of a “nontâtonnement” process that seems to be of independent interest.
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • TULKENS, Henry & ZAMIR, Shmuel, 1979. "Surplus-sharing local games in dynamic exchange processes," LIDAM Reprints CORE 362, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvrp:362
    DOI: 10.1007/978-0-387-25534-7_3
    Note: In : The Review of Economic Studies, 46(2), (Symposium on Incentive Compatibility), 305-313, 1979
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kwan Koo Yun, 2004. "Efficient Pareto-improving Processes," Econometric Society 2004 Far Eastern Meetings 784, Econometric Society.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cor:louvrp:362. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alain GILLIS (email available below). General contact details of provider: https://edirc.repec.org/data/coreebe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.