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The Incentives for Price-Taking Behavior in Large Exchange Economies

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Cited by:

  1. Eduardo M Azevedo & Eric Budish, 2019. "Strategy-proofness in the Large," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 86(1), pages 81-116.
  2. Hamid Nazerzadeh & Amin Saberi & Rakesh Vohra, 2013. "Dynamic Pay-Per-Action Mechanisms and Applications to Online Advertising," Operations Research, INFORMS, vol. 61(1), pages 98-111, February.
  3. Zhou, Yu & Serizawa, Shigehiro, 2023. "Multi-object auction design beyond quasi-linearity: Leading examples," Games and Economic Behavior, Elsevier, vol. 140(C), pages 210-228.
  4. Thierry Granger, 1997. "Le renouveau de la théorie des organisations. Lecture critique de trois ouvrages récents," Revue Économique, Programme National Persée, vol. 48(1), pages 147-180.
  5. Cordoba, Jose M. & Hammond, Peter J., 1998. "Asymptotically strategy-proof Walrasian exchange," Mathematical Social Sciences, Elsevier, vol. 36(3), pages 185-212, December.
  6. Daron Acemoglu & Asuman Ozdaglar, 2005. "Competition and Efficiency in Congested Markets," NBER Working Papers 11201, National Bureau of Economic Research, Inc.
  7. Khan, M. Ali & Rath, Kali P. & Sun, Yeneng & Yu, Haomiao, 2013. "Large games with a bio-social typology," Journal of Economic Theory, Elsevier, vol. 148(3), pages 1122-1149.
  8. Pathikrit Basu, 2023. "Optimal mechanism design with approximate incentive compatibility and many players," The Journal of Mechanism and Institution Design, Society for the Promotion of Mechanism and Institution Design, University of York, vol. 8(1), pages 97-106, December.
  9. James Schummer, 1999. "Almost-dominant Strategy Implementation," Discussion Papers 1278, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  10. Serizawa, Shigehiro, 2002. "Inefficiency of Strategy-Proof Rules for Pure Exchange Economies," Journal of Economic Theory, Elsevier, vol. 106(2), pages 219-241, October.
  11. Heifetz, Aviad & Minelli, Enrico, 2002. "Informational smallness in rational expectations equilibria," Journal of Mathematical Economics, Elsevier, vol. 38(1-2), pages 197-218, September.
  12. Hervés Beloso, Carlos & Moreno García, Emma, 1996. "Coaliciones y competencia perfecta," DE - Documentos de Trabajo. Economía. DE 3362, Universidad Carlos III de Madrid. Departamento de Economía.
  13. Bichler, Martin & Merting, Sören, 2018. "Truthfulness in advertising? Approximation mechanisms for knapsack bidders," European Journal of Operational Research, Elsevier, vol. 270(2), pages 775-783.
  14. Parag A. Pathak & Alvin E. Roth, 2013. "Matching with Couples: Stability and Incentives in Large Markets," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(4), pages 1585-1632.
  15. Ledyard, John O., "undated". "Public Goods: A Survey of Experimental Research," Working Papers 861, California Institute of Technology, Division of the Humanities and Social Sciences.
  16. Manimay Sengupta, 1996. "Informed Planner, Decentralized Decisions And Incentive Compatibility," Discussion Paper Series 12, School of Economics, Kwansei Gakuin University, revised Oct 1996.
  17. Tunay I. Tunca, 2004. "Information Precision and Asymptotic Efficiency of Industrial Markets," Working Papers 04-11, NET Institute, revised Oct 2004.
  18. Song, Yangwei, 2023. "Approximate Bayesian implementation and exact maxmin implementation: An equivalence," Games and Economic Behavior, Elsevier, vol. 139(C), pages 56-87.
  19. Phuong Le, 2017. "Competitive equilibrium in the random assignment problem," International Journal of Economic Theory, The International Society for Economic Theory, vol. 13(4), pages 369-385, December.
  20. Kwang Mong Sim, 2023. "An Incentive-Compatible and Computationally Efficient Fog Bargaining Mechanism," Computational Economics, Springer;Society for Computational Economics, vol. 62(4), pages 1883-1918, December.
  21. Itai Ashlagi & Mark Braverman & Avinatan Hassidim, 2014. "Stability in Large Matching Markets with Complementarities," Operations Research, INFORMS, vol. 62(4), pages 713-732, August.
  22. Bodoh-Creed, Aaron, 2013. "Efficiency and information aggregation in large uniform-price auctions," Journal of Economic Theory, Elsevier, vol. 148(6), pages 2436-2466.
  23. Daron Acemoglu & Asuman Ozdaglar, 2007. "Competition and Efficiency in Congested Markets," Mathematics of Operations Research, INFORMS, vol. 32(1), pages 1-31, February.
  24. Ratha, Anubhav & Pinson, Pierre & Le Cadre, Hélène & Virag, Ana & Kazempour, Jalal, 2023. "Moving from linear to conic markets for electricity," European Journal of Operational Research, Elsevier, vol. 309(2), pages 762-783.
  25. Hashimoto, Tadashi, 2018. "The generalized random priority mechanism with budgets," Journal of Economic Theory, Elsevier, vol. 177(C), pages 708-733.
  26. Ostroy, Joseph M., 1980. "The no-surplus condition as a characterization of perfectly competitive equilibrium," Journal of Economic Theory, Elsevier, vol. 22(2), pages 183-207, April.
  27. Stößer, Jochen & Neumann, Dirk & Weinhardt, Christof, 2010. "Market-based pricing in grids: On strategic manipulation and computational cost," European Journal of Operational Research, Elsevier, vol. 203(2), pages 464-475, June.
  28. Yinghua He & Antonio Miralles & Jianye Yan, 2012. "Competitive Equilibrium from Equal Incomes for Two-Sided Matching," Working Papers 692, Barcelona School of Economics.
  29. Sun, Xiang & Sun, Yeneng & Wu, Lei & Yannelis, Nicholas C., 2017. "Equilibria and incentives in private information economies," Journal of Economic Theory, Elsevier, vol. 169(C), pages 474-488.
  30. Barbera, Salvador & Jackson, Matthew O, 1995. "Strategy-Proof Exchange," Econometrica, Econometric Society, vol. 63(1), pages 51-87, January.
  31. Serizawa, Shigehiro & Weymark, John A., 2003. "Efficient strategy-proof exchange and minimum consumption guarantees," Journal of Economic Theory, Elsevier, vol. 109(2), pages 246-263, April.
  32. Martin Dufwenberg & Paul Heidhues & Georg Kirchsteiger & Frank Riedel & Joel Sobel, 2011. "Other-Regarding Preferences in General Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 78(2), pages 613-639.
  33. Aaron Bodoh-Creed & Brent Hickman, 2016. "College Assignment as a Large Contest," Working Papers 2016-27, Becker Friedman Institute for Research In Economics.
  34. Steven Lalley & Glen Weyl, 2015. "Quadratic Voting," Working Papers 2016-13, Becker Friedman Institute for Research In Economics.
  35. Ludovic A. Julien, 2010. "From Imperfect To Perfect Competition: A Parametric Approach Through Conjectural Variations," Manchester School, University of Manchester, vol. 78(6), pages 660-677, December.
  36. Martin Dufwenberg & Paul Heidhues & Georg Kirchsteiger & Frank Riedel & Joel Sobel, 2011. "Other-Regarding Preferences in General Equilibrium," Review of Economic Studies, Oxford University Press, vol. 78(2), pages 613-639.
  37. Tim Roughgarden & Inbal Talgam-Cohen, 2018. "Approximately Optimal Mechanism Design," Papers 1812.11896, arXiv.org, revised Aug 2020.
  38. Ludovic A. Julien & Fabrice Tricou, 2006. "A note on price-taking and price-making behaviours in pure exchange economies," Working Papers hal-04138521, HAL.
  39. Weyers, Sonia, 2003. "A strategic market game with limit prices," Journal of Mathematical Economics, Elsevier, vol. 39(5-6), pages 529-558, July.
  40. Yinghua He & Antonio Miralles & Marek Pycia & Jianye Yan, 2018. "A Pseudo-Market Approach to Allocation with Priorities," American Economic Journal: Microeconomics, American Economic Association, vol. 10(3), pages 272-314, August.
  41. Andrew Postlewaite & David Schmeidler, 2018. "The Hurwicz Program, Past and Suggestions for the Future," PIER Working Paper Archive 18-027, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 28 Mar 2018.
  42. Louis Makowski & Joseph M. Ostroy, 1988. "Groves Mechanisms in Continuum Economies: Characterization and Existence," UCLA Economics Working Papers 518, UCLA Department of Economics.
  43. Bodoh-Creed, Aaron L. & Hickman, Brent R., 2018. "College assignment as a large contest," Journal of Economic Theory, Elsevier, vol. 175(C), pages 88-126.
  44. Chen, Yan & Jiang, Ming & Kesten, Onur & Robin, Stéphane & Zhu, Min, 2018. "Matching in the large: An experimental study," Games and Economic Behavior, Elsevier, vol. 110(C), pages 295-317.
  45. Mitridati, Lesia & Kazempour, Jalal & Pinson, Pierre, 2021. "Design and game-Theoretic analysis of community-Based market mechanisms in heat and electricity systems," Omega, Elsevier, vol. 99(C).
  46. Joyce, Patrick, 1998. "Demand revelation and tatonnement auctions," Journal of Economic Behavior & Organization, Elsevier, vol. 36(2), pages 163-175, August.
  47. Freeman, Rupert & Pennock, David M. & Peters, Dominik & Wortman Vaughan, Jennifer, 2021. "Truthful aggregation of budget proposals," Journal of Economic Theory, Elsevier, vol. 193(C).
  48. Makowski, Louis & Ostroy, Joseph M. & Segal, Uzi, 1999. "Efficient Incentive Compatible Economies Are Perfectly Competitive," Journal of Economic Theory, Elsevier, vol. 85(2), pages 169-225, April.
  49. Andersson, Tommy & Ehlers, Lars & Svensson, Lars-Gunnar, 2014. "Least manipulable Envy-free rules in economies with indivisibilities," Mathematical Social Sciences, Elsevier, vol. 69(C), pages 43-49.
  50. Eric A. Posner & E. Glen Weyl, 2017. "Quadratic voting and the public good: introduction," Public Choice, Springer, vol. 172(1), pages 1-22, July.
  51. Teemu Pennanen, 2020. "Efficient allocations in double auction markets," Papers 2001.02071, arXiv.org, revised Jan 2021.
  52. Weintraub, Gabriel Y. & Benkard, C. Lanier & Van Roy, Benjamin, 2007. "Markov Perfect Industry Dynamics with Many Firms," Research Papers 1919r, Stanford University, Graduate School of Business.
  53. Echenique, Federico & Miralles, Antonio & Zhang, Jun, 2023. "Balanced equilibrium in pseudo-markets with endowments," Games and Economic Behavior, Elsevier, vol. 141(C), pages 428-443.
  54. Paul Milgrom, 2006. "Incentives in Core-Selecting Auctions," Levine's Bibliography 321307000000000503, UCLA Department of Economics.
  55. Matthew Jackson & Ilan Kremer, 2007. "Envy-freeness and implementation in large economies," Review of Economic Design, Springer;Society for Economic Design, vol. 11(3), pages 185-198, November.
  56. Makowski, Louis & Ostroy, Joseph M., 1987. "Vickrey-Clarke-Groves mechanisms and perfect competition," Journal of Economic Theory, Elsevier, vol. 42(2), pages 244-261, August.
  57. Milgrom, Paul, 2010. "Simplified mechanisms with an application to sponsored-search auctions," Games and Economic Behavior, Elsevier, vol. 70(1), pages 62-70, September.
  58. Le, Phuong, 2013. "Competitive Equilibrium in the Random Assignment Problem," MPRA Paper 66290, University Library of Munich, Germany.
  59. Ehlers, Lars & Peters, Hans & Storcken, Ton, 2004. "Threshold strategy-proofness: on manipulability in large voting problems," Games and Economic Behavior, Elsevier, vol. 49(1), pages 103-116, October.
  60. Kojima, Fuhito & Manea, Mihai, 2010. "Incentives in the probabilistic serial mechanism," Journal of Economic Theory, Elsevier, vol. 145(1), pages 106-123, January.
  61. Hung-po Chao, 2019. "Incentives for efficient pricing mechanism in markets with non-convexities," Journal of Regulatory Economics, Springer, vol. 56(1), pages 33-58, August.
  62. Mark A. Satterthwaite & Steven R. Williams, 1988. "The Rate of Convergence to Efficiency In The Buyer's BidDouble Auction As The Market Becomes Large," Discussion Papers 741, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  63. O'Reilly, Terrance, 1995. "Observable preferences for public goods: A note on the incentive compatibility of inferring demand for public goods from private goods demand," Journal of Public Economics, Elsevier, vol. 58(2), pages 309-317, October.
  64. Schummer, James, 2004. "Almost-dominant strategy implementation: exchange economies," Games and Economic Behavior, Elsevier, vol. 48(1), pages 154-170, July.
  65. Thomas A. Gresik & Mark A. Satterthwaite, 1985. "The Rate At Which a Simple Market Becomes Efficient as the Number of Traders Increases: An Asymptotic Result for Optimal Trading Mechanisms," Discussion Papers 708, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  66. Javier Hervés-Estévez & Emma Moreno-García, 2018. "A limit result on bargaining sets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 66(2), pages 327-341, August.
  67. ANDERSSON, Tommy & EHLERS, Lars & SVENSSON, Lars-Gunnar, 2012. "(Minimally) 'epsilon'-Incentive Compatible Competitive Equilibria in Economies with Indivisibilities," Cahiers de recherche 2012-03, Universite de Montreal, Departement de sciences economiques.
  68. Martin Bichler & Vladimir Fux & Jacob Goeree, 2018. "A Matter of Equality: Linear Pricing in Combinatorial Exchanges," Information Systems Research, INFORMS, vol. 29(4), pages 1024-1043, December.
  69. Jackson, Matthew O. & Manelli, Alejandro M., 1997. "Approximately Competitive Equilibria in Large Finite Economies," Journal of Economic Theory, Elsevier, vol. 77(2), pages 354-376, December.
  70. Robert Day & Paul Milgrom, 2008. "Core-selecting package auctions," International Journal of Game Theory, Springer;Game Theory Society, vol. 36(3), pages 393-407, March.
  71. Athreya, Kartik B., 2014. "Big Ideas in Macroeconomics: A Nontechnical View," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262019736, December.
  72. Csekő, Imre, 1996. "Választás és mechanizmus. Felületes ismerkedés az implementációelmélettel [Selection and mechanism. Getting superficially acquainted with the implementation theory]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 420-430.
  73. Gretsky, Neil E. & Ostroy, Joseph M. & Zame, William R., 1999. "Perfect Competition in the Continuous Assignment Model," Journal of Economic Theory, Elsevier, vol. 88(1), pages 60-118, September.
  74. Weintraub, Gabriel Y. & Benkard, C. Lanier & Van Roy, Benjamin, 2011. "Industry dynamics: Foundations for models with an infinite number of firms," Journal of Economic Theory, Elsevier, vol. 146(5), pages 1965-1994, September.
  75. Krasa, Stefan & Shafer, Wayne, 2001. "Informational Robustness of Competitive Equilibria," Journal of Economic Theory, Elsevier, vol. 101(2), pages 494-518, December.
  76. Tomoya Tajika & Tomoya Kazumura, 2016. "Non-manipulability of Walrasian mechanisms in economies with a large number of objects," ISER Discussion Paper 0972, Institute of Social and Economic Research, Osaka University.
  77. Tunca, Tunay I., 2008. "Information precision and asymptotic efficiency of industrial markets," Journal of Mathematical Economics, Elsevier, vol. 44(9-10), pages 964-996, September.
  78. Safra, Zvi, 1983. "Existence of Equilibrium for Walrasian Endowment Games," Foerder Institute for Economic Research Working Papers 275376, Tel-Aviv University > Foerder Institute for Economic Research.
  79. Goldberg, Linda & Tenorio, Rafael, 1997. "Strategic trading in a two-sided foreign exchange auction1," Journal of International Economics, Elsevier, vol. 42(3-4), pages 299-326, May.
  80. Tommy Andersson & Lars Ehlers & Lars-Gunnar Svensson, 2012. "(Minimally) ?-Incentive Compatible Competitive Equilibria in Economies with Indivisibilities," Cahiers de recherche 04-2012, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  81. Yosha, Oved, 1997. "Diversification and Competition: Financial Intermediation in a Large Cournot-Walras Economy," Journal of Economic Theory, Elsevier, vol. 75(1), pages 64-88, July.
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  83. Song, Yangwei, 2022. "Approximate Bayesian Implementation and Exact Maxmin Implementation: An Equivalence," Rationality and Competition Discussion Paper Series 362, CRC TRR 190 Rationality and Competition.
  84. Haim Mendelson & Tunay I. Tunca, 2007. "Strategic Spot Trading in Supply Chains," Management Science, INFORMS, vol. 53(5), pages 742-759, May.
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  86. Tomoya Tajika & Tomoya Kazumura, 2019. "Non-manipulability of uniform price auctions with a large number of objects," International Journal of Game Theory, Springer;Game Theory Society, vol. 48(2), pages 543-569, June.
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