Strategic Multilateral Exchange

General Equilibrium with Imperfect Competition

Inbunden, Engelska, 2002

2 259 kr

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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.Strategic Multilateral Exchange will be welcomed by academics, advanced research scholars and doctoral students with an interest in economic theory, microeconomic theory and general equilibrium. It will also appeal to mathematical economists with an orientation in mathematical economics and game theory.

Produktinformation

Utgivningsdatum2002-10-29
Mått156 x 234 x undefined mm
FormatInbunden
SpråkEngelska
FörlagEdward Elgar Publishing Ltd
ISBN9781858980287

Tillhör följande kategorier

Nationalekonomi inom Ekonomi och ledarskap
Makroekonomi inom Ekonomi och ledarskap

Contents: Introduction Part I: Strategic Multilateral Exchange and the Core 1. Allocations in Pure Exchange Economies 2. The Asymptotic Approach 3. Markets with an Atomless Sector Part II: Strategic Multilateral Exchange and Oligopoly Equilibrium 4. The Notion of Oligopoly Equilibrium 5. The Existence Problem 6. Economic Applications 7. Oligopoly Equilibrium with a Productive Sector 8. Conclusion Bibliography Index

'This elegant and enjoyable book describes the theory of imperfect competition in an explicitly general-equilibrium framework. . . The main strength of the book is that it provides a coherent and precise narrative of developments in two theoretical areas to which the author has made important contributions. . . The writing has an elegiac quality. The author contrasts the "Golden Sixties", when "general equilibrium theory was superbly flourishing" with the present, "much darker period for this field of microeconomic theory". The elegant and deep results described here will give the reader a sense of the mood of the period as well as the intellectual accomplishments.'

Mer från samma författare

Strategic Interaction and Markets

Jean J. Gabszewicz, Catholic University of Louvain) Gabszewicz, Jean J. (Professor of Economics, Center for Operations Research and Econometrics (CORE), Professor of Economics, Center for Operations Research and Econometrics (CORE), Jean Jaskold Gabszewicz

Inbunden

1 659 kr