Existence of stationary equilibrium in the markets for new and used durable goods

DOI10.1016/S0165-1889(01)00008-2zbMath0996.91076WikidataQ127549412 ScholiaQ127549412MaRDI QIDQ5958249

Hideo Konishi, Michael T. Sandfort

Publication date: 3 March 2002

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

zbMATH Keywords

transaction costssecondhand pricesstationary equilibrium

Mathematics Subject Classification ID

Economic growth models (91B62) Auctions, bargaining, bidding and selling, and other market models (91B26) General equilibrium theory (91B50)

Related Items (1)

Trade-in strategy for durable products in the presence of a peer-to-peer second-hand marketplace

Cites Work

• On a theorem of Schmeidler
• Anonymous sequential games
• On equilibrium allocations as distributions on the commodity space
• A model of equilibrium with differentiated commodities
• Stationary Equilibrium in a Market for Durable Assets
• Automobile Prices in Market Equilibrium
• A Further Generalization of the Kakutani Fixed Point Theorem, with Application to Nash Equilibrium Points
• Fixed-point and Minimax Theorems in Locally Convex Topological Linear Spaces
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