We introduce a solution concept intermediate between the cooperative and noncooperative solutions of an n-person game in normal form. Consider a partition p of the players, with each s in p a coalition. A joint strategy x = {x_{s}|s in p} is a hybrid solution for the partition p if, for each s...

We introduce a strategic market game for an exchange economy not having enough commodity money. We show the existence of a non-cooperative equilibrium for any finite replication economy with a mutual bank, we then show that efficient trade can be achieved in the limiting economy by expanding the...