Abstract
The exchange market model, proposed by Leon Walras (1874), has been studied extensively since more than a century due to its immense practical relevance [8,14]. The two implicit assumptions in this model are that agents behave truthfully, and are unaware of the total supply of goods in the market. In this paper we study exchange markets, with each of these assumptions dropped separately, and establish a surprising connection between their solutions.
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Mehta, R., Sohoni, M. (2013). Exchange Markets: Strategy Meets Supply-Awareness. In: Chen, Y., Immorlica, N. (eds) Web and Internet Economics. WINE 2013. Lecture Notes in Computer Science, vol 8289. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-45046-4_29
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DOI: https://doi.org/10.1007/978-3-642-45046-4_29
Publisher Name: Springer, Berlin, Heidelberg
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