Market Allocations Under Conflation of Goods
研究当连续商品被合并为有限商品时，竞争均衡如何受商品合并方式影响，分析其对相对价格、交易和福利的后果。
ABSTRACT 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.