Market Allocations Under Conflation of Goods

• 成果类型: Article; Early Access
• 署名作者: Urbinati, Niccolo; LiCalzi, Marco
• 署名单位: Universita Ca Foscari Venezia; Universita Ca Foscari Venezia
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12783
• 发表日期: 2025
• 关键词: pure theory; commodity; decentralization; equilibrium; EFFICIENCY

摘要

We study competitive equilibria in exchange economies when a continuum of goods is conflated into a finite set of commodities. The design of conflation choices affects the allocation of scarce resources among agents, by constraining trading opportunities and shifting competitive pressures. We demonstrate the consequences on relative prices, trading positions, and welfare.