From Nash to Walras via Shapley-Shubik

We derive the existence of a Walras equilibrium directly from Nash's theorem on noncooperative games. No price player is involved, nor are generalized games. Instead we use a variant of the Shapley-Shubik trading-post game.

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Year of publication:	2002-04
Authors:	Dubey, Pradeep ; Geanakoplos, John
Institutions:	Cowles Foundation for Research in Economics, Yale University
Subject:	Nash equilibrium \| Walras equilibrium \| Shapley-Shubik trading-posts game \| Money

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Extent:	application/pdf
Series:	Cowles Foundation Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	CFP 1065. Published in Journal of Mathematical Economics (2003), 39: 391-400 The price is None Number 1360 11 pages
Classification:	C72 - Noncooperative Games ; D40 - Market Structure and Pricing. General ; D41 - Perfect Competition
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004990746