3 edition of **Noncooperative exchange with a continuum of traders** found in the catalog.

Noncooperative exchange with a continuum of traders

P. Dubey

- 382 Want to read
- 18 Currently reading

Published
**1977**
by Rand Corp. in Santa Monica, Calif
.

Written in English

- Prices -- Mathematical models,
- Exchange -- Mathematical models

**Edition Notes**

Statement | P. Dubey and L.S. Shapley. |

Series | Rand -- P-5964, P (Rand Corporation) -- P-5964. |

Contributions | Shapley, Lloyd S., 1923- |

The Physical Object | |
---|---|

Pagination | v, 36 p. : |

Number of Pages | 36 |

ID Numbers | |

Open Library | OL13634313M |

OCLC/WorldCa | 3725265 |

We consider the model of exchange " A la Coumot”, originally proposed by Lloyd S. Shapley and analysed by S. Sahi and S. Y80 (), in markets with a continuum of traders. Noncooperative oligopoly in markets with a continuum of traders and a strongly connected set of commodities. Busetto, F. and Codognato, G. and Ghosal, S. and Julien, L. and Tonin, S. () 'Noncooperative oligopoly in markets with a continuum of traders and a strongly connected set of commodities.', Games and economic behavior., pp.

Noncooperative general exchange with a continuum of traders: two models, " (). Noncooperative oligopoly in markets with a continuum of traders,". Noncooperative Oligopoly in Markets with a Continuum of Traders Francesca Busetto⁄, Giulio Codognato y, and Sayantan Ghosal z September Abstract In this paper, we study three prototypical models of noncooper-ative oligopoly in markets with a continuum of traders: the model of Cournot-Walras equilibrium of Codognato and Gabszewicz ().

Noncooperative oligopoly in markets with a continuum of traders and a strongly connected set of commodities Busetto, F., Codognato, G., Ghosal, S., Julien, L. and Tonin, S. () Noncooperative oligopoly in markets with a continuum of traders and a strongly connected set of commodities. Games and Economic Behavior, , pp. Noncooperative Oligopoly in Markets with a Continuum of Traders: A Limit Theorem. Working paper. Author/s: sequence of Cournot-Nash equilibrium allocations of the strategic market game associated with the partially replicated exchange economies approximates a Walras equilibrium allocation of the original exchange economy.

You might also like

Notes on the geology of Gravina Island, Alaska

Notes on the geology of Gravina Island, Alaska

The News-boys new-year jingle, for 1798

The News-boys new-year jingle, for 1798

The man with the chocolate egg

The man with the chocolate egg

Thermostats and temperature regulating instruments

Thermostats and temperature regulating instruments

The property of a gentleman

The property of a gentleman

Management

Management

Letters Aa to Zz / created by Bev Schumacher.

Letters Aa to Zz / created by Bev Schumacher.

Introduction to information theory and data compression

Introduction to information theory and data compression

Fundamentals of vibration engineering

Fundamentals of vibration engineering

New York

New York

Exploring the Johnson years

Exploring the Johnson years

Additional Physical Format: Online version: Dubey, P. Noncooperative exchange with a continuum of traders. Santa Monica, Calif.: Rand, (OCoLC) Noncooperative exchange with a continuum of traders.

by Pradeep Dubey, Lloyd S. Shapley. Related Topics: Trade; CitationCited by: Noncooperative general exchange with a continuum of traders: Two models Pradeep Dubey SUNY at Stony Brook, Brook NY, USA Lloyd S. Shapley UCLA, Los Angeles CA, USA Received Octoberfinal version received February Price formation and trade in a large exchange economy is modelled as a non-atomic strategic game in two contrasting forms.

Pradeep Dubey & Lloyd S. Shapley, "Noncooperative Exchange with a Continuum of Traders," Cowles Foundation Discussion PapersCowles Foundation for Research in Economics, Yale : RePEc:cwl:cwldpp Noncooperative Exchange with a Continuum of Traders - CORE.

Noncooperative general exchange with a continuum of traders: Two models Price formation and trade in a large exchange economy is modelled as a non-atomic strategic game in two contrasting forms. In the final section, a basic problem of measurability when strategies are selected independently by a continuum of agents is raised, and a way.

Noncooperative Oligopoly in Markets with a Continuum of Traders: A Limit Theorem µa la Cournot⁄ Francesca Busettoy, Giulio Codognato z, Sayantan Ghosal x Abstract In this paper, we consider an exchange economy µa la Shitovitz (), withatomsandanatomlessset. Weassociatewithitastrategic.

In this paper, in an exchange economy with atoms and an atomless part, we analyze the relationship between the set of the Cournot-Nash equilibrium allocations of a strategic market game and the set of the Walras equilibrium allocations of the exchange economy with which it is associated.

Codognato and Ghosal () studied the Shapley window model in the case of exchange economies with an atomless continuum of traders and they proved an equivalence theorem à la Aumann between the set of Cournot–Nash and Walras allocations (see Aumann, ). 2 This result, together with the existence theorem of a Walras equilibrium in markets with a continuum of traders proved in Aumann.

Noncooperative Oligopoly in Markets with a Continuum of Traders: A Limit Theorem Francesca Busetto⁄, Giulio Codognato y, Sayantan Ghosal z August Abstract In this paper, in an exchange economy with atoms and an atomless part, we analyze the relationship between the. The book takes a look at noncooperative price taking in large dynamic markets, no-surplus condition as a characterization of perfectly competitive equilibrium, perfect competition, profit criterion, and the organization of economic activity.

Noncooperative Oligopoly in Markets with a Continuum of Traders and a Net of Commodities Francesca Busettoy, Giulio Codognato z, Sayantan Ghosal x, Ludovic Julien{, Simone Tonin ∥ July Abstract We show the existence of a Cournot-Nash equilibrium for a mixed version of the Shapley window model, where large traders are repre.

CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): In this paper, in an exchange economy with atoms and an atomless part, we analyze the relationship between the set of the Cournot-Nash equilibrium allocations of a strategic market game and the set of the Walras equilibrium allocations of the exchange economy with which it is associated.

Abstract. In this paper, we study three prototypical models of noncooperative oligopoly in markets with a continuum of traders: the model of Cournot-Walras equilibrium of Codognato and Gabszewicz (), the model of Cournot-Nash equilibrium of Lloyd S. Shapley, and the model of Cournot-Walras equilibrium of Busetto et al.

"Noncooperative Oligopoly in Markets with a Continuum of Traders," Economic Research PapersUniversity of Warwick - Department of Economics.

Benyamin Shitovitz, " A comparison between the core and the monopoly solutions in a mixed exchange economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 10(3), pages Three Models of Noncooperative Oligopoly in Markets with a Continuum of Traders Article in Games and Economic Behavior 72(1) May with 44 Reads How we measure 'reads'.

noncooperative oligopoly in general equilibrium based on the Shapley’s win-dow model. This model was originally proposed by Lloyd S. Shapley and further analyzed by Sahi and Yao () in exchange economies with a ﬂnite number of traders, and Codognato and Ghosal () in exchange economies with an atomless continuum of traders.

Noncooperative Oligopoly in Markets with a Continuum of Traders: A Limit Theorem in an exchange economy with atoms and an atomless part, we analyze the relationship between the set of. Noncooperative oligopoly in markets with a continuum of traders Busetto, F., Codognato, G. and Ghosal, S. () Noncooperative oligopoly in markets with a continuum of traders.

Games and Economic Behavior, 72(1), pp. change economies, i.e., markets with an atomless continuum of traders and, according to Shitovitz (), mixed exchange economies, i.e., markets with a continuum of traders and atoms. Second, we investigate the relationship among those three concepts of equilibrium.

We reach the conclusion that the three notions of equilibrium are all distinct. " Noncooperative oligopoly in markets with a continuum of traders and a strongly connected set of commodities," Games and Economic Behavior, Elsevier, vol.

(C), pages Ludovic A. Julien & Giulio Codognato & Sayantan Ghosal & Francesca Busetto & Simone Tonin, We do this by using the model of noncooperative exchange originally proposed by Lloyd S.

Shapley and further analyzed Sahi and Yao () in exchange economies with a finite number of traders, and Codognato and Ghosal () in change economies with an atomless continuum of traders.Noncooperative oligopoly in markets with a continuum of traders and a strongly connected set of commodities () in the case of economies with a finite number of traders and by Busetto et al.

() in the case of mixed exchange economies, are essentially based on the assumption that there are at least two atoms with strictly positive.