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- W2004394773 abstract "Summary We analyse the consequences of a change of the characteristics of goods due to new information on the equilibrium of a pure exchange economy with n goods and m agents. Some changes of the characteristics of goods à la Lancaster have a positive effect on utility. In the general competitive equilibrium, some agents gain but others may lose. Nevertheless there is an increase of a linear combination of the utilities of the agents. The different possibilities of gains and losses are explicitly analysed in an example with two goods and two agents." @default.
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- W2004394773 date "2004-01-01" @default.
- W2004394773 modified "2023-09-30" @default.
- W2004394773 title "Characteristics of good and competitive equilibrium" @default.
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- W2004394773 doi "https://doi.org/10.1017/s0770451800010794" @default.
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