Firms as clubs in walrasian markets with private information
Subtitle: technical appendix
By: Edward Simpson Prescott, Robert M. Townsend
Contributors: Townsend, Robert M., 1948-; Federal Reserve Bank of Richmond
Series: Working paper -- no. 05-11; Working paper (Federal Reserve Bank of Richmond : Online) -- no. 05-11.
Publisher: Federal Reserve Bank of Richmond
Published: 2005
Place of publication: Richmond, Va.]
Language: eng
Format: [electronic resource] :
Subjects: Equilibrium (Economics); Industrial organization (Economic theory)
Description: "This paper proves the Welfare Theorems and the existence of a competitive equilibrium for the club economies with private information in Prescott and Townsend (2005). The proofs cover lottery economies with a finite number of goods and without free disposal. A mapping based on Negishi (1960) is used"--Federal Reserve Bank of Richmond web site.
Notes: Title from PDF file as viewed on Oct. 2, 2006.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.