How realistic is the supply/demand equilibrium story? A simple demonstration of false trading and its implications for market equilibrium

Neil H. Buchanan

首页> 外文期刊>Journal of socio-economics >How realistic is the supply/demand equilibrium story? A simple demonstration of false trading and its implications for market equilibrium

【24h】

How realistic is the supply/demand equilibrium story? A simple demonstration of false trading and its implications for market equilibrium

机译：供求平衡的故事有多现实？虚假交易的简单证明及其对市场均衡的影响

获取原文

获取原文并翻译 | 示例

掌桥外文数据库（机构版） >>

开具论文收录证明 >>

文献代查 >>

页面导航

摘要
著录项
相似文献
相关主题

摘要

Transactions at non-equilibrium prices are "false trades". Under standard assumptions, markets without false trading produce Pareto-efficient outputs. This paper demonstrates graphically the complications created when false trades occur, showing that quantities produced deviate from Pareto-efficient quantities except under unique conditions. In a general equilibrium framework, this spills over to cause Pareto-inefficient results in other markets as well. These observations call into question the use of standard supply-and-demand equilibrium theory as a starting point for policy analysis.

机译：以非均衡价格进行的交易是“虚假交易”。在标准假设下，没有虚假交易的市场将产生帕累托有效产出。本文以图形方式说明了出现虚假交易时产生的复杂性，表明除特殊情况外，生产的数量均偏离帕累托有效量。在一般的均衡框架中，这种溢出也会在其他市场中导致帕累托效率低下。这些观察结果使人们质疑使用标准的供需均衡理论作为政策分析的起点。

著录项

来源
《Journal of socio-economics》 |2008年第1期|p.400-415|共16页
作者
Neil H. Buchanan;
展开▼
作者单位

展开▼
收录信息
原文格式 PDF
正文语种 eng
中图分类 f;
关键词

相似文献

外文文献
中文文献
专利

1. Equilibrium a la Cournot and supply function equilibrium in electricity markets under linear price/demand and quadratic costs [J] . International mathematical forum . 2012,第37a40期

机译：线性价格/需求和二次成本下电力市场中的古拉诺和供给函数均衡
2. Promoting Competitive Water Resource Use Efficiency at the Water-Market Scale: An Intercooperative Demand Equilibrium-Based Approach to Water Trading [J] . Delorit Justin D., Block Paul J. Water resources research . 2018,第8期

机译：在水市场规模上提高竞争性水资源利用效率：一种基于合作需求均衡的水交易方法
3. Implications of Trade Policies in Segmented Factor Markets—A General Equilibrium Approach [J] . Soumyatanu Mukherjee, Shreya Banerjee Theoretical Economics Letters . 2018,第5期

机译：贸易政策对细分市场的影响-一般均衡方法
4. Comparative Static Analysis of Equilibrium of Supply and Demand in China's Property Markets [C] . Yanshuo Chen International Conference on Management Science and Innovative Education . 2017

机译：中国物业市场供需均衡的比较静态分析
5. INTERFUEL SUBSTITUTION AND NATURAL GAS TRADE IN NORTH AMERICA (ENERGY MODELING, DISEQUILIBRIUM, MARKET SHARE, DEMAND ESTIMATION). [D] . BELTRAMO, MARK A. 1986

机译：北美的燃料替代和天然气交易（能源建模，不平衡，市场份额，需求估算）。
6. Characterising Wildlife Trade Market Supply-Demand Dynamics [O] . J. McNamara, M. Rowcliffe, G. Cowlishaw, -1

机译：表征野生生物贸易市场供需动态
7. Producer assessment of demand and equilibrium in differentiated markets : a monograph on how producers who utilize a limited and specific set of information, anticipate consumer reactions, and how this assessment influences the market equilibrium [O] . Høegh-Krohn Nils E. Joachim 1994

机译：生产者对差异市场中需求和均衡的评估：关于生产者如何利用有限的特定信息集，预期消费者反应以及这种评估如何影响市场均衡的专论

How realistic is the supply/demand equilibrium story? A simple demonstration of false trading and its implications for market equilibrium

摘要

著录项

相似文献

相关主题

期刊订阅