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Strategic Multilateral Exchange

Name: Strategic Multilateral Exchange
Brand: Edward Elgar Publishing Ltd
SKU: 05118165
Price: 150.39 EUR
Availability: InStock
Author: Jean Gabszewicz
ISBN: 9781858980287

General Equilibrium with Imperfect Competition

Jean Gabszewicz

Lingua

Inglese

Libro Rigido

Codice Libristo: 05118165

Casa editrice Edward Elgar Publishing Ltd, ottobre 2002

Jean Gabszewicz's new book is devoted to the study of strategic multilateral exchange. Contrary to t... Descrizione completa

Codice Libristo: 05118165

368 b

150.39 €

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Jean Gabszewicz's new book is devoted to the study of strategic multilateral exchange. Contrary to the classical competitive paradigm in which agents are assumed to behave as price takers, here traders are allowed to consciously behave as strategic agents who aim to influence trade to their own advantage. This is usually done in oligopoly theory using a partial equilibrium approach while in this case a system of interrelated markets is considered. Primarily, the book discusses the game-theoretic concept of core and the relationship between core and the set of price allocations in economies embodying significant traders is explored. The author goes on to adopt a non-cooperative approach building on the concept of Nash equilibrium.