Competitive Equilibrium Allocations

Some articles on competitive, equilibrium, competitive equilibrium allocation:

Herbert Scarf - Major Works - 4. Core and Competitive Equilibrium Equivalence
... (1776) first recognized how the invisible hand - a competitive market mechanism - can reconcile the complicated and conflicting forces of self-interested agents and guides the system to an equilibrium ... The equilibrium is a state in which there exists a system of prices (i.e ... the bundles obtained by all agents in the equilibrium state is called a competitive equilibrium allocation and is a redistribution of all agents’ initial ...

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