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ID364247
Title ProperThe noncooperative equilibria of a trading economy with complete markets and consistent prices
Other Title InformationCowles Foundation Discussion Paper No. 850, September 1987
LanguageENG
AuthorSahi, 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 NoteIn 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 WordsExchange economy ;  Trading Economy