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Information and the market mechanism
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agents aggregate allocation alternative analysis arrangement assume assumption balanced Bayesian behavior brand called choice choose competitive concept consider consumers contract corresponding cost decision defined Definition demand depend differentiable discussed distribution dominant strategy economy effective efficient entry equal Equation equilibrium example excess exchange exists expected feasible Figure finite firm function given implementable important incentive scheme increasing individual International Journal least limit literature maximizes mean measure mechanism Nash equilibrium nature Note observed obtain optimal outcome output parameter particular period planner player positive possible preferences problem production profits proof quantity random rational relative represents require rules satisfied sequence share simple solution space Studies successful supply Suppose Theorem theory tion trade transfer utility variables vector wage Walrasian zero