Business, Management and Accounting
4 years ago

Firms Can Beat the Market by Producing Walrasian Output.

RePEc: Research Papers in Economics
The Walrasian Output Beats the Market
Antonio J. Morales, Gonzalo Fernández-de-Córdoba

Paper Summary

The Walrasian output always outperforms the market in a fair industry. This means a company can make more money by producing the Walrasian output. This finding simplifies the conditions needed for successful Walrasian behavior in evolution.

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