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Flexibility and uncertainty

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RA Jones… - The Review of Economic Studies, 1984 - restud.oxfordjournals.org
Page 1. Review of Economic Studies (1984) LI, 13-32 © 1984 The Society for Economic Analysis
Limited 0034-6527/84/00020013$00.50 Flexibility and Uncertainty ROBERT A. JONES University
ofBritish Columbia and JOSEPH M. OSTROY University of California, Los Angeles ...
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The package assignment model

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S Bikhchandani… - Journal of Economic theory, 2002 - Elsevier
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The informational efficiency of monetary exchange

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JM Ostroy - The American Economic Review, 1973 - JSTOR
Page 1. The Informational Efficiency of Monetary Exc ange By JOSEPH M. OSTROY*
The gains from exchange may be ex- tended if individuals are not required at each
trade to balance the value of pur- chases and sales. But ...
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Money and the Decentralization of Exchange

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JM Ostroy… - Econometrica: Journal of the Econometric Society, 1974 - JSTOR
Page 1. Econometrica, Vol. 42, No. 6 (November, 1974) MONEY AND THE
DECENTRALIZATION OF EXCHANGE BY JOSEPH M. OSTROY AND Ross M.
STARRi A pairwise trading process is formulated subject to conditions ...
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[BOOK] The transactions role of money

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JM Ostroy, RM Starr… - 1988 - dss.ucsd.edu
Page 1. Chapter 1 THE TRANSACTIONS ROLE OF MONEY* JOSEPH M. OSTROY
University of California, Los Angeles ROSS M. STARR University of California, San
Diego Contents 1. Introduction 1.1. The Walras-Hicks-Patinkin ...
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Perfect Competition and the Creativity of the Market

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L Makowski… - Journal of Economic Literature, 2001 - JSTOR
Page 1. Journal of Economic Literature Vol. XXXIX (June 2001) pp. 479-535 Perfect
Competition and the Creativity of the Market LOUIS MAKOWSKI AND JOSEPH M.
OSTROY1 The complete theory of competition cannot be ...
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Appropriation and efficiency: A revision of the first theorem of welfare economics

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L Makowski… - The American Economic Review, 1995 - JSTOR
Page 1. Appropriation and Efficiency: A Revision of the First Theorem of Welfare
Economics By Louis MAKOWSKI AND JOSEPH M. OSTROY* The First Theorem
of Welfare Economics rests on the assumption that individuals ...
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[PDF] The no-surplus condition as a characterization of perfectly competitive equilibrium

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JM Ostroy - Journal of Economic Theory, 1980 - econ.ucla.edu
Page 1. THE NO-SURPLUS CONDITION AS A CHARACTERIZATION OF PERFECTLY
COMPETITIVE EQUILIBRIUM by Joseph M. Ostroy Discussion Paper Number 90
Revised March 1977 Page 2. THE NO-SURPLUS CONDITION ...
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Competitivity in auction markets: An experimental and theoretical investigation

D Friedman… - The Economic Journal, 1995 - JSTOR
We report successive rounds of theory and laboratory experiment investigating price-taking
behaviour and market efficiency. We focus on the impact of structural parameters as well as
trading institution. The structural parameters involve non-competitive supply and demand, ...
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[CITATION] General equilibrium

LW McKenzie, FM Fisher, J Geanakoplos, FH Hahn… - 1989 - Macmillan
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Ascending price Vickrey auctions

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S Bikhchandani… - Games and Economic Behavior, 2006 - Elsevier
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Nonatomic economies and the boundaries of perfect competition

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JM Ostroy… - Econometrica: Journal of the Econometric Society, 1994 - JSTOR
Page 1. Econometrica, Vol. 62, No. 3 (May, 1994), 593-633 NONATOMIC ECONOMIES
AND THE BOUNDARIES OF PERFECT COMPETITION BY JOSEPH M. OSTROY
AND WILLIAM R. ZAME' This paper explores the distinction ...
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The nonatomic assignment model

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NE Gretsky, JM Ostroy… - Economic Theory, 1992 - Springer
Page 1. Econ. Theory 2, 103-127 (1992) Economic Theory 9 Springer-Vedag 1992
The nonatomic assignment model Neil E. Gretsky l, Joseph M. Ostroy 2, and William
R. Zame 2,3 1 Mathematics Department, University of California ...
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Perfect competition in the continuous assignment model

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NE Gretsky, JM Ostroy… - Journal of Economic Theory, 1999 - Elsevier
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Vickrey-Clarke-Groves mechanisms and perfect competition

L Makowski… - Journal of Economic Theory, 1987 - Elsevier
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A reformulation of the marginal productivity theory of distribution

JM Ostroy - Econometrica: Journal of the Econometric Society, 1984 - JSTOR
Page 1. Econometrica, Vol. 52, No. 3 (May, 1984) A REFORMULATION OF THE
MARGINAL PRODUCTIVITY THEORY OF DISTRIBUTION' BY JOSEPH M. OSTROY2
Reformulating marginal productivity theory by replacing productivity ...
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[CITATION] Money and general equilibrium theory

J Ostroy - 1987
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On the existence of walrasian equilibrium in large-square economies

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JM Ostroy - Journal of Mathematical Economics, 1984 - Elsevier
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[BOOK] General equilibrium and market socialism: clarifying the logic of competitive markets

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L Makowski, JM Ostroy… - 1992 - econ.ucla.edu
Page 1. General Equilibrium and Market Socialism: Clarifying the Logic of Competitive
Markets* Louis Makowski* Joseph M. Ostroy* July, 1992 UCLA Department of
Economics Discussion Paper No. 672 Abstract We describe ...
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[CITATION] Representation of large economies: The equivalence theorem

J Ostroy - Manuscript, presented at the Winter meetings of the …, 1973
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Efficient incentive compatible economies are perfectly competitive

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L Makowski, JM Ostroy… - Journal of economic theory, 1999 - Elsevier
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[PDF] The Existence of Perfectly Competitive Equilibrium à la Wicksteed1 2

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L Makowski… - 1990 - econ.ucla.edu
Page 1. The Existence of Perfectly Competitive Equilibrium à la Wicksteed1 2 Louis
Makowski3 and Joseph M. Ostroy4 UCLA Department of Economics Working Paper
No. 606 August 1990 xTo appear in Hahn Festschrift, MIT Press. ...
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Vickrey-Clarke-Groves mechanisms in continuum economies: Characterization and existence

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L Makowski… - Journal of Mathematical Economics, 1992 - Elsevier
The equivalence in the finite agent model between the families of efficient dominant strategy
and Vickrey-Clarke-Groves mechanisms is extended to continuum econ.
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Arbitrage and the flattening effect of large numbers

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L Makowski… - Journal of economic theory, 1998 - Elsevier
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[CITATION] Competitive contractual pricing with transparent teams

L Makowski… - 2003 - Working Paper
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[BOOK] Perfect competition as the blueprint for efficiency and incentive compatibility

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L Makowski, JM Ostroy, U Segal… - 1995 - econ.ucla.edu
Page 1. Perfect Competition as the Blueprint for Efficiency and Incentive Compatibility
Louis Makowski* Joseph M. Ostroy* Uzi Segal* October 1995 Working Paper No. 745
Department of Economics University of California Bunche ...
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[CITATION] Exchange as an economic activity

JM Ostroy - 1970 - Northwestern University.
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[BOOK] Competitivity in auction markets: An experimental and theoretical investigation

D Friedman, JM Ostroy… - 1989 - en.scientificcommons.org
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[BOOK] Efficient and Individually Rational Bayesian Mechanisms Only Exist on Perfectly Competitive Environments

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L Makowski, JM Ostroy… - 1989 - econ.ucla.edu
Page 1. UCLA Dept. of Economics Working Paper #566 Efficient and Individually
Rational Bayesian Mechanisms Only Exist on Perfectly Competitive Environments Louis
Makowski and Joseph M. Ostroy May 1989 Abstract Necessary ...
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Differentiability as convergence to perfectly competitive equilibrium

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JM Ostroy - Journal of Mathematical Economics, 1981 - Elsevier
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[PDF] Liquidity as flexibility

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R Jones… - UCLA Economics Working Papers, 1976 - econ.ucla.edu
Current actions frequently influence the costs of following different courses of future action: a
house might he less costly to" build on land left unimproved than on land occupied by
another structure; fewer additional resources might be required to increase output in a ...
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Linear programming and general equilibrium theory

L Makowski… - Econometric Society World Congress …, 2000 - ideas.repec.org
... Author info | Abstract | Publisher info | Download info | Related research | Statistics. Author Info.
Louis Makowski (University of California) Joseph M. Ostroy (University of California) Additional
information is available for the following registered author(s): Joseph Ostroy. Abstract. ...
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[PDF] Business cycles and firm dynamics in small emerging economies

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J Wynne, G Hansen, T Kehoe, L Ohanian, J Ostroy… - 2002 - Citeseer
Abstract I present a small open economy model to analyze the role of firms in the
macroeconomic dynamics of the business cycle. With asymmetric information, it takes time
for good firms to build up financial reputation and net worth. Over time firms pay lower ...
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[PDF] Correlated Equilibrium and the Pricing of Public Goods

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JM Ostroy… - Economics Discussion Papers, 2006 - essex.ac.uk
Page 1. Correlated Equilibrium and the Pricing of Public Goods ∗ Joseph M. Ostroy†
Joon Song‡ Department of Economics Department of Economics UCLA University
of Essex Autumn 2006 Abstract Lindahl equilibrium is an ...
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[CITATION] Non-Atomic Economies and the Boundaries of Perfect Competition

JM Ostroy… - UCLA Economics Working Papers, 1991 - ideas.repec.org
Downloadable! No abstract is available for this item.
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Gradients, subgradients, and economic equilibria

P Artzner… - Advances in Applied Mathematics, 1983 - Elsevier
Two concepts of differentiability are shown to underlie two concepts of equilibrium for
nonatomic economies. The weaker concept of subdifferentiability correspo.
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[CITATION] ÅMoney and decentralisation of exchangeG

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JM Ostroy… - Econometrica, 1974
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[BOOK] Competitive Pricing of Persons

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JM Ostroy - 1981 - econ.ucla.edu
Page 1. COMPETITIVE PRICING OF PERSONS by Joseph M. Ostroy Department
of Economics UCLA Discussion Paper //193 January 1981 Page 2. Page 3. January
1981 COMPETITIVE PRICING OF PERSONS* by Joseph ...
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[CITATION] Competition and Manipulation in the Continuous Assignment Model

N Gretsky, J Ostroy… - Economic theory discussion paper, UCLA, 1995
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[CITATION] Uncertainty and Flexibility

RA Jones… - 1976 - UCLA Discussion Paper
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[PDF] Groves Mechanisms in Continuum Economies

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L Makowski… - UCLA Economics Working Papers, 1984 - econ.ucla.edu
Page 1. GROVES MECHANISMS IN CONTINUUM ECONOMIES by Louis Makowski
(UC, Davis) and Joseph M. Ostroy (UCLA) August 1984 UCLA Working Paper #335
August 1984 Page 2. GROVES MECHANISMS IN CONTINUUM ...
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[BOOK] The margin of appropriation and an extension of the first theorem of welfare economics

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L Makowski, JM Ostroy… - 1991 - econ.ucla.edu
Page 1. The Margin of Appropriation and an Extension of the First Theorem of Welfare
Economics* Louis Makowski* Joseph M. Ostroy* August, 1991 UCLA Department of
Economics Discussion Paper No. 629 Abstract The standard ...
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[CITATION] Groves Mechanisms in Continuum Economies: Characterization and Existence

L Makowski… - UCLA Economics Working Papers, 1988 - ideas.repec.org
... Author Info. Louis Makowski (UC Davis) Joseph M. Ostroy (UCLA). Additional
information is available for the following registered author(s): Joseph Ostroy. Abstract.
No abstract is available for this item. Download Info. To download: ...
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[PDF] Convergence to Perfectly Competitive Equilibira

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JM Ostroy - UCLA Economics Working Papers, 1978 - econ.ucla.edu
Page 1. CONVERGENCE TO PERFECTLY COMPETITIVE EQUILIBRIA by Joseph
M. Ostroy University of California, Los Angeles Discussion Paper Number 112 March
1978 Page 2. PRELIMINARY VERSION CONVERGENCE ...
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No externalities: a characterization of efficiency and incentive compatibility with public goods

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JM Ostroy… - Social Choice and Welfare, 2010 - Springer
Page 1. Soc Choice Welf DOI 10.1007/s00355-011-0553-2 ORIGINAL PAPER No
externalities: a characterization of efficiency and incentive compatibility with public
goods Joseph M. Ostroy · Uzi Segal Received: 18 September ...
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[PDF] From revealed preference to preference revelation

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L Makowski… - econ.as.nyu.edu
Page 1. From revealed preference to preference revelation Louis Makowski ∗ and
Joseph M. Ostroy † (November, 2010) ‡ Abstract When preferences are quasilinear,
revealed preference restrictions on prices and quantities ...
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[PDF] COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSИY

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JM Ostroy… - 1973 - cowles.econ.yale.edu
Page 1. COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE
UNIVERSИY Box 2125, Yale Station New Haven, Connecticut 06520 COWLES
FOUNDATION DISCUSSION PAPER NO. 349 Note: Cowles Foundation ...
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[PDF] MONETARY EXCHANGE (Revised)

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JM Ostroy - 1972 - econ.ucla.edu
Page 1. 4*1 THE IHFORMATIOHAL EFFICIEIICY OP MONETARY EXCHANGE (Revised)
By Joseph M. Ostroy Discussion Paper Number 21 July 1972 This is a revised version
of Discussion Paper Number 1?. Page 2. ABSTRACT ...
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Linear Programming and General Equilibrium Theory

J Ostroy - atlas-conferences.com
The general equilibrium model of market pricing and the duality theory of linear
programming (LP) are paradigmatic expressions of the duality relation between quantities
and prices. While LP is canonical, the market duality found in general equilibrium theory is ...
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[CITATION] Arbitrage of the Flattening Effect of Large Numbers

J Ostroy - UCLA Economics Working Papers, 1995 - econpapers.repec.org
... Please update your bookmarks. Arbitrage of the Flattening Effect of Large Numbers. Joseph
Ostroy. No 737, UCLA Economics Working Papers from UCLA Department of Economics.
Date: 1995-05-01 View list of references Track citations by RSS feed. ...
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[PDF] Dominant Startegy Mechanisms in Nonatomic Transferable Utility Economies: Characterization and Existence

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L Makowski… - UCLA Economics Working Papers, 1986 - econ.ucla.edu
Page 1. DOMINANT STRATEGY MECHANISMS IN NONATOMIC TRANSFERABLE
UTILITY ECONOMIES: CHARACTERIZATION AND EXISTENCE by Louis Makowski
(UC, Davis) and Joseph M. Ostroy (UCLA) UCLA Dept. ...
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[CITATION] DAVID MG NEWBERY.

JE STIGLITZ, JM OSTROY, RA JONES… - International …, 1995 - Edward Elgar Pub
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[PDF] An Arbitrage Approach to Competitive Equilibruim in an Exchange Economy

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L Makowski… - UCLA Economics Working Papers, 1991 - econ.ucla.edu
Page 1. An Arbitrage Approach to Competitive Equilibrium in an Exchange Economy*
Louis Makowski* Joseph M. Ostroy* December 1991 UCLA Department of Economics
Discussion Paper No. 649 Keywords: Arbitrage, arbitrage ...
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[CITATION] Gradients, Subgradients and Economic Equilibria

P Artzner… - 1981 - Université Louis Pasteur, Institut de …
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