An asymptotic analysis of strategic behavior for exchange economies

Leonidas C. Koutsougeras; Claudia Meo

doi:10.1007/s00199-017-1068-6

An asymptotic analysis of strategic behavior for exchange economies

Leonidas C. Koutsougeras, Claudia Meo^*

^*Corresponding author for this work

Economics

Universita di Napoli (University of Naples Federico II)

Research output: Contribution to journal › Article › peer-review

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Abstract

We consider strategic market games associated to exchange economies both in a framework with no uncertainty and with asymmetric information. We address the asymptotic convergence of active Nash equilibria of strategic market games to Walrasian ones for general sequences of economies whose distribution of characteristics has compact support.

Original language	English
Pages (from-to)	1-25
Number of pages	25
Journal	Economic Theory
Volume	66
Issue number	0
DOIs	https://doi.org/10.1007/s00199-017-1068-6
Publication status	Published - 24 Jul 2017

Keywords

Asymmetric information
Convergence
Price taking
Strategic market games

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KW - Price taking

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An asymptotic analysis of strategic behavior for exchange economies

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Keywords

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