ID | 364247 |
Title Proper | The noncooperative equilibria of a trading economy with complete markets and consistent prices |
Other Title Information | Cowles Foundation Discussion Paper No. 850, September 1987 |
Language | ENG |
Author | Sahi, Siddhartha |
Summary / Abstract (Note) | An exchange economy with complete markets is described and a general theorem for the existence of equilibrium points is proved. It is further shown that under replication of traders, the equilibrium points approach competitive equilibria of the economy. |
`In' analytical Note | In Rutherford, Thomas F.: A modeling system for applied general equilibrium analysis. [Cowles Foundation Discussion Paper No. 836, May 1987] Connecticut. Cowles Foundation for Research in Economics, Yale University, 1987. |
Key Words | Exchange economy ; Trading Economy |