期刊名称:Cardiff Economics Working Papers / Cardiff University, Cardiff Business School
印刷版ISSN:1749-6101
出版年度:2020
期号:8
语种:English
出版社:Cardiff University
摘要:We provide a full characterisation of the set of trading equilibria (in which all goods are traded at a positive price) in a strategic market game (as introduced by Shapley and Shubik), for both the Òbuy and sellÓ and the Òbuy or sellÓ versions of this model under standard assumptions on the utility functions. We also interpret and illustrate our main equilibrium-characterising condition, using simple examples.
关键词:strategic market game;trading equilibrium;buy and sell;buy or sell