Nash equilibria of market games: Finiteness and inefficiency

DOI10.1016/0022-0531(80)90048-4zbMath0456.90012OpenAlexW1984908116MaRDI QIDQ1150521

Pradeep Dubey

Publication date: 1980

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(80)90048-4

zbMATH Keywords

finitenessinefficiencyopen subsetsPareto optimal Nash equilibriumspaces of gamesstrategic finite-person market games

Mathematics Subject Classification ID

Cooperative games (91A12) Other game-theoretic models (91A40) General equilibrium theory (91B50)

Related Items (12)

Disadvantageous syndicates and stable cartels: The case of the nucleolus ⋮ General equilibrium concepts under imperfect competition: A Cournotian approach ⋮ Efficiency properties of strategic market games: An axiomatic approach ⋮ Strategic market games: an introduction. ⋮ Retrading in market games. ⋮ The market game: Existence and structure of equilibrium ⋮ Functional rational expectations equilibria in market games ⋮ Equilibria without the survival assumption ⋮ Existence and optimality of Cournot-Nash equilibria in a bilateral oligopoly with atoms and an atomless part ⋮ Inefficiency of smooth market mechanisms ⋮ A strategic market game with price and quantity strategies ⋮ On the generic inefficiency of differentiable market games

Cites Work

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• Efficiency properties of strategic market games: An axiomatic approach
• Most convex functions are smooth
• Global analysis and economics. II: Extension of a theorem of Debreu
• Noncooperative general exchange with a continuum of traders: Two models
• A strategic market game with price and quantity strategies
• Walrasian Analysis via Strategic Outcome Functions
• Economies with a Finite Set of Equilibria

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