タイトル(掲載誌)Discussion Papers In Economics And Business
一般注記In this paper, we formalize the concept of commodification technology determining a commodity structure of the market as an extension of the standard Arrow-Debreu general equilibrium framework. Like the commodity differentiation approach in Mas-Colell (1975) and the hedonic approach in Rosen (1974), we treat a commodity as a bandle of characteristics. Such quality of each commodity as well as the market viability problem under asymmetric-information arguments like Dubey et al. (2000) and Bisin et al. (2011) to determine the market structure will be treated uniformly as an endogenous equilibrium state in a strict sense of the general equilibrium theory. In our model, a market participant (a consumer or a producer ) is supposed to have a commodification technology that enables each agent to prepare for market commodities based on their endowments and the transformation technology on basic characteristics, representing the costs for standardization, advertisement, signaling, etc.
連携機関・データベース国立情報学研究所 : 学術機関リポジトリデータベース(IRDB)(機関リポジトリ)