A characterisation of trading equilibria in market games

Mitra, Manipushpak, Ray, Indrajit ORCID: https://orcid.org/0000-0001-5254-3144 and Roy, Souvik 2020. A characterisation of trading equilibria in market games. [Working Paper]. Cardiff Economics Working Papers, vol. 2020/8. Cardiff Business School.

Preview

PDF (Working Paper No. E2020/8) - Submitted Pre-Print Version Download (279kB) | Preview

Abstract

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 “buy and sell” and the “buy or sell” versions of this model under standard assumptions on the utility functions. We also interpret and illustrate our main equilibrium-characterising condition, using simple examples.

Item Type:	Monograph (Working Paper)
Date Type:	Publication
Status:	Unpublished
Schools:	Business (Including Economics)
Subjects:	H Social Sciences > HB Economic Theory
Publisher:	Cardiff Business School
Last Modified:	10 Nov 2022 11:02
URI:	https://orca.cardiff.ac.uk/id/eprint/149073

Actions (repository staff only)

Edit Item