Search Results - subject:"Trading posts"

Corbae, Dean; Narajabad, Borghan N. - Society for Economic Dynamics - SED - 2006

We apply a mechanism design approach to a trading post environment where the household type space (tastes over variety) is continuous and it is costly to set up shops that trade differentiated goods. In this framework, we address Hotelling's <cite>Hot</cite> venerable question about where shops will...

Persistent link: https://www.econbiz.de/10005051266

From Nash to Walras via Shapley-Shubik

Dubey, Pradeep; Geanakoplos, John - Cowles Foundation for Research in Economics, Yale University - 2002

We derive the existence of a Walras equilibrium directly from Nash's theorem on noncooperative games. No price player is involved, nor are generalized games. Instead we use a variant of the Shapley-Shubik trading-post game.

Persistent link: https://www.econbiz.de/10004990746

Market Games with Multiple Trading Posts

Koutsougeras, L. - Tilburg University, Center for Economic Research - 1999

equilibria of another game with more trading posts per commodity. (iii) We demonstrate via an example that the inclusion can be … trading posts. (iv) One can pass from an equilibrium of a market game into an equilibrium of a game with less trading posts …

Persistent link: https://www.econbiz.de/10011091202

A remark on the number of trading posts in strategic market games

KOUTSOUGERAS, Leonidas C. - Center for Operations Research and Econometrics (CORE), … - 1999

In market games the one to one correspondence between commodity types and trading posts would be justified if it were … true that the set of equilibria is not affected by the number of trading posts postulated at the outset of the model. We … in two trading posts at different prices, i.e., equilibria where the 'law of one price' fails when the one to one …

Persistent link: https://www.econbiz.de/10005008564

Market games with multiple trading posts

KOUTSOUGERAS, Leonidas - Center for Operations Research and Econometrics (CORE), … - 1999

Persistent link: https://www.econbiz.de/10005065395