Add to ORKGAn example of an exchange economy is provided, satisfying all the assumptions as in Dubey-Shubik (1988), for which the trivial Nash Equilibrium is the unique equilibrium point of the associated market game. From this example, we are led to propose an argument, related to the intensity of competition, explaining why there could be no trade at an equilibrium point.
International audienceWe give a simple example to the non-existence of duopoly equilibrium in pure s...
International audienceWe give a simple example to the non-existence of duopoly equilibrium in pure s...
International audienceWe give a simple example to the non-existence of duopoly equilibrium in pure s...
An example of an exchange economy is provided, satisfying all of the assumptions of Dubey and Shubik...
Following Shapley [Theory of Measurement of Economic Externalities, Academic Press, New York, 1976],...
We study a strategic market game in which traders are endowed with both a good and money and can cho...
We explore whether competitive outcomes arise in an experimental implementation of a market game, in...
We explore whether competitive outcomes arise in an experimental implementation of a market game, in...
Existence of equilibrium is proved for an exchange strategic market game with complete markets. An e...
Existence of equilibrium is proved for an exchange strategic market game with complete markets. An e...
We consider a two period pure exchange economy with a finite number of states of nature at the secon...
The exchange economy E can be reformulated as a strategic market game. In particular the point of co...
The exchange economy E can be reformulated as a strategic market game. In particular the point of co...
We study a strategic market game in which traders are endowed with both a good and money and can cho...
We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the ...
International audienceWe give a simple example to the non-existence of duopoly equilibrium in pure s...
International audienceWe give a simple example to the non-existence of duopoly equilibrium in pure s...
International audienceWe give a simple example to the non-existence of duopoly equilibrium in pure s...
An example of an exchange economy is provided, satisfying all of the assumptions of Dubey and Shubik...
Following Shapley [Theory of Measurement of Economic Externalities, Academic Press, New York, 1976],...
We study a strategic market game in which traders are endowed with both a good and money and can cho...
We explore whether competitive outcomes arise in an experimental implementation of a market game, in...
We explore whether competitive outcomes arise in an experimental implementation of a market game, in...
Existence of equilibrium is proved for an exchange strategic market game with complete markets. An e...
Existence of equilibrium is proved for an exchange strategic market game with complete markets. An e...
We consider a two period pure exchange economy with a finite number of states of nature at the secon...
The exchange economy E can be reformulated as a strategic market game. In particular the point of co...
The exchange economy E can be reformulated as a strategic market game. In particular the point of co...
We study a strategic market game in which traders are endowed with both a good and money and can cho...
We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the ...
International audienceWe give a simple example to the non-existence of duopoly equilibrium in pure s...
International audienceWe give a simple example to the non-existence of duopoly equilibrium in pure s...
International audienceWe give a simple example to the non-existence of duopoly equilibrium in pure s...