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This paper offers a resolution to an extensively studied question in theoretical economics: which measure spaces are suitable for modeling many economic agents? We propose the condition of 'nowhere equivalence' to characterize those measure spaces that can be effectively used to model the space...
Persistent link: https://www.econbiz.de/10012010084
. Solution of this sequential game shows that the unique Cournot equilibrium outcome as in Kreps and Scheinkman is not always … guaranteed. However the Cournot outcome is still robust in the sense that given sufficiently large capacities this equilibrium …
Persistent link: https://www.econbiz.de/10014501584