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- W3123201138 abstract "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 a 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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- W3123201138 date "2004-09-01" @default.
- W3123201138 modified "2023-09-27" @default.
- W3123201138 title "Characteristics of good and competitive equilibrium" @default.
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