Buyer’s equilibrium with capacity constraints and restricted mobility: A recursive approach

We study a decentralized trading model as in Peters (1984a), where heterogeneous market participants face a trade-off between price and trade probability. We present a novel proof of existence of a unique demand vector in Nash equilibrium, based on a recursive approach that exploits the monotonicity of matching functions.

MoreLess

Year of publication:	2013
Authors:	Camera, Gabriele ; Kim, Jaehong
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 118.2013, 2, p. 321-323
Publisher:	Elsevier
Subject:	Nash equilibrium \| Recursive methods \| Existence \| Heterogeneity \| Matching

Online Resource

Check full text access |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Type of publication:	Article
Classification:	C70 - Game Theory and Bargaining Theory. General ; D39 - Distribution. Other ; D49 - Market Structure and Pricing. Other ; E39 - Prices, Business Fluctuations, and Cycles. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010608098