Limit properties of equilibrium allocations of Walrasian strategic games
We characterize the set of equilibrium allocations of Walrasian strategic games where each agent manipulates his strategic demand map to his benefit. We first show that, for a finite economy, the set of Cournot- Nash equilibrium allocations will be large and the equilibrium allocation map will not in general possess a closed graph property. Then we show that, with appropriate smoothness conditions and the regularity condition on the mean aggregate limit excess demand map, true Walrasian allocations in a sufficiently large economy can be claimed to be sufficiently robust against strategic manipulations of agents' demand maps.
scientific article; zbMATH DE number 4158329