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

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Year of publication:	2014
Authors:	Camera, Gabriele
Other Persons:	Kim, Jaehong (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Produktionskapazität \| Production capacity \| Kapazitätsauslastung \| Capacity utilization

Extent:	1 Online-Ressource (4 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Letters 118 (2013) 321–323 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 22, 2014 erstellt
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:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013039828