ABSTRACT

This paper deals with models of coordinated states in mixed economies introduced in Makarov and Vasiliev (1982, 1986). The distinctive feature of these models is the presence of dual markets for each commodity. The first market is characterized by fixed prices and quantity rationing; the second market is one with flexible prices. In this paper we present the conditions for existence, Pareto-optimality and coalitional stability of the coordinated states.